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The approximate cost of the economic stimulus package was estimated to be $787 billion at the time of passage, later revised to $831 billion between 2009 and 2019. [1] The ARRA's rationale was based on the Keynesian economic theory that, during recessions, the government should offset the decrease in private spending with an increase in public ...
The Economic Stimulus Act of 2008 (Pub. L. 110–185 (text), 122 Stat. 613, enacted February 13, 2008) was an Act of Congress providing for several kinds of economic stimuli intended to boost the United States economy in 2008 and to avert a recession, or ameliorate economic conditions. The stimulus package was passed by the U.S. House of ...
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.
Rumors started coming in that a $2,000 economic relief package would arrive sometime during October. Discussions on social media and some websites suggested a possible $2,000 stimulus check for...
Checks and deposits from the third Economic Impact Payment started arriving in March, ... Direct cash payments were only part of the American Rescue Plan’s stimulus package. Another big wave of ...
The pandemic triggered the largest flood of federal dollars into the American economy in the country's history -- $5 trillion in combined stimulus payments. The money poured into local governments,...
A stimulus package is most often a government program providing economic stimulus.. Examples in the United States include the Economic Stimulus Appropriations Act of 1977; the Economic Stimulus Act of 2008; the American Recovery and Reinvestment Act of 2009; the CARES Act in 2020 and American Rescue Plan Act of 2021.
"This is the biggest, fastest thing I've ever seen Congress do and I'm still not sure if it's enough,” says Obama's former Chair of Economic Advisers Jason Furman.