VP Biden report on stimulus will detail "early progress providing immediate financial relief..."

[jefferson_dem]

EXCLUSIVE – Vice President Biden today will submit his first quarterly report to President Obama detailing progress implementing the stimulus, a.k.a. American Recovery and Reinvestment Act. From the administration: “The report shows early progress providing immediate financial relief for American families and jump-starting billions of dollars in job-creating projects in the first quarter, with both the pace of spending and job creation expected to accelerate significantly in the coming months. In the first 77 days of the two-year Recovery Act program :

“150,000 jobs have been created or saved … More than $88 billion dollars has been made available for programs and projects … Over 3,000 transportation construction projects have been funded in 52 states and territories … Ninety-five percent of working families have begun seeing the benefits of the Making Work Pay tax credit in their paychecks … COBRA health insurance premiums have been reduced by 65 percent … Unemployment benefits have increased by $25 a week … States have drawn down $15.7 billion in Medical Assistance (FMAP) funds, allowing them to avoid budget cuts … Thirteen states have qualified for State Fiscal Stabilization Funds to improve education programs and save education-related jobs.”

http://www.politico.com/playbook/

[Muttocracy]

1. It has been posted:

http://www.recovery.gov/?q=node/460 links to a ~20 page .pdf

[Jennicut]

2. Awesome. Thank you!

:)

[Cha]

3. Darn I didn't get to

Rec'd it. Thanks for the news.