National fiscal policy response to the late 2000s recession

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Countdown to Financial Stimulus

Feb 17, 2009By

President Barack Obama is poised to sign the $787 billion financial stimulus package Tuesday afternoon in Denver, Colo. The package includes more than $7 billion for a high-speed internet expansion project to connect rural areas with faster communication and increased business potential. It also includes expanded unemployment benefits and funds for a first-time home buyer tax credit. Congress has claimed from early versions of the package that every $1 invested will bring a $10 return in economic growth.

3d rendering of a row of luxury townhouses along a street

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