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The American Recovery and Reinvestment Act of 2009 (ARRA) (Pub. L. 111–5 (text)), nicknamed the Recovery Act, was a stimulus package enacted by the 111th U.S. Congress and signed into law by President Barack Obama in February 2009.
Obama presents his first weekly address as President of the United States on January 24, 2009, discussing the American Recovery and Reinvestment Act of 2009 Job Growth by U.S. president, measured as cumulative percentage change from month after inauguration to end of term. 2016 was the first year U.S. real (inflation-adjusted) median household income surpassed 1999 levels.
Many of the Obama administration's were undertaken as a result of the American Recovery and Reinvestment Act of 2009, and many of those investments were specifically in clean energy. According to a report by Clean Edge: The Clean Tech Marketing Authority , the recovery act included more than $70 billion in tax credits and direct spending for ...
That President Obama's first address to a joint session of Congress Tuesday night will deal with the nation's economic problems is not front page news (or, more appropriately, top of the website ...
One of the frightening aspects how deep the recession would go, which is one reason Congress passed and President Obama signed the American Recovery and Reinvestment Act (ARRA) in January 2009. Known as "The Stimulus", ARRA was a roughly $800 billion mix of tax cuts (about one-third) and spending programs (about two-thirds) with the primary ...
On February 5, 2009, the Senate approved changes to the TARP that prohibited firms receiving TARP funds from paying bonuses to their 25 highest-paid employees. The measure was proposed by Christopher Dodd of Connecticut as an amendment to the $900 billion economic stimulus act then waiting to be passed. [24]
In the wake of the global recession, Obama signed the Recovery Act, which cut taxes and saved millions of jobs. RELATED: The best moments from President Obama's DNC speech.
The cigar smoking chairman of the United States Federal Reserve Board from 1979 to 1987, Volcker also served as chair of President Barack Obama's Economic Recovery Advisory Board from 2009 to 2011.