Stimulus: Is it…stimulating?

By Max Cacas and Melinda Zosh FederalNewsRadio

A House committee got its latest progress report on the economic stimulus program yesterday. And the testimony paints a decidedly mixed picture about whether or not the $787 billion dollar American Recovery and Reinvestment Act is working the way the White House has planned.

This is the third hearing that the House Oversight and Government Reform Committee has held to review federal, state and local...

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Chairman Towns pressed OMB’s Nabors to work harder to give states clearer guidance on reporting the progress on stimulus spending, and also to provide his committee with better reporting on the topic of “jobs saved” versus “jobs created”.

The results are expected in September after Congress returns to work after the August recess.

Melinda Zosh is an intern at FederalNewsRadio.

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On the Web:

Federal News Radio – Biden predicts more jobs because of stimulus money

House – Oversight and Government Reform Committee

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