CBO: Stimulus produced up to 2.1M jobs
by Associated Press
Published: February 24,2010
WASHINGTON — A new report by congressional economists says the economic stimulus law produced jobs for 1 million to 2.1 million people by the end of last year.
The nonpartisan Congressional Budget Office study says the $862 billion stimulus added between 1.5 to 3.5 percentage points to the growth of the economy. The controversial stimulus law combined tax breaks for individuals and businesses with lots of government spending.
The report reflects agreement among economists that the measure boosted the economy. But the wide range of estimates means it won’t resolve the debate over how effective the stimulus has been.
To sign up for Mississippi Business Daily Updates, click here.
Twang & Tourism: The Country Music Trail
Still planning that summer vacation?
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Education officials changing school rating system
- Gulf LNG terminal mulling export opportunities
- Historic COFO building demolished due to structural problems
- Capital City voters to elect new mayor in runoff
- Study: Mississippi has highest sales tax rate in U.S.
- New shareholders named for Copeland, Cook, Taylor and Bush
- MSU's Gilbert named finalist for Austin Peay presidency
- Communities vie for TVA sustainability designation
- American HealthTech passes Medicare tests
- First Corolla earmarked for export rolls off of Toyota's line