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the Recovery Act, the Department of the Treasury (Treasury) has paid out approximately $249.1 billion in funds for use by state and local governments to use for a variety of purposes, including the provision of
The Recovery Act. President Obama took office in the middle of the worst economic crisis since the Great Depression, at a time the economy was losing over 700,000 jobs a month and in the midst of what we now know was the worst 6-month period for GDP growth in over 60 years.
The Recovery Act provided more than $48 billion for transportation investments in early 2009 and stipulated that most funds be obligated by September 30, 2010. The act targeted the majority of those funds to be channeled through existing aviation, highway, rail, and transit programs.
Transparency, as defined by the White House, involves the publication of information (in as real-time as possible) that demonstrates fiscal accountability in how, where, when, and by whom, the money is spent. According to the White House, 1512 reporting requirements will answer important questions, such as:
6 cze 2019 · Economic activity as measured by real (inflation-adjusted) gross domestic product (GDP) was contracting sharply when policymakers enacted the financial stabilization bill (TARP) and the American Recovery and Reinvestment Act.
The Recovery Act aimed to stimulate the economy and create jobs. DOE received $6 billion in Recovery Act funds that it is using to clean up 17 sites contaminated by radioactive and hazardous wastes from decades of nuclear research and weapons production. The cleanup is primarily carried out by contractors.
FHWA developed a Recovery Act Database System to track all Recovery Act data, including the key data elements required by Section 1512. FHWA described how it plans to validate the data by comparing Section 1512 data with prior recipient report data.
