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
- Family launches Billups Coffee with headquarters in Oxford
- Chris McDaniel responds to radio show audio clip
- ‘Just the beginning’ — Venture Technologies merging, acquiring companies
- Man indicted, accused of bankruptcy fraud
- Running luxury car dealerships, like Mercedes of Jackson, comes naturally to Trudy Higginbotham Moody
- Grenada native Donna Tartt wins Pulitzer Prize for 'The Goldfinch'
- TODD SMITH — Taco Bell and McDonalds take breakfast war viral; how to write killer news releases and more
- Fight between county, insurer over courthouse fire continues
- Judge to rule on release of Kemper power plant data
- Chaney drops lawsuit against National Flood Insurance Program