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Federal Funding for State Innovation
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Federal Recovery Efforts Saved 8.5 Million Jobs, Stopped Depression
Jul 29, 2010
When big bank speculation crashed the economy, millions were driven into unemployment. But, according to a new study by two leading economists, the combination of the Troubled Asset Relief Program (TARP) loans to banks, loosening of the money supply, and federal stimulus funds for states and individuals, helped stop a far worse potential full-out Depression that would have left an additional 8.5 million Americans without jobs on top of the 8 million who have lost their jobs since the recession started-- what would have been a nearly doubling of the job loss due to the economic crisis. -
State Broadband Awardees May Apply For Additional Funds
Jun 10, 2010
State governments may seek additional funding for up to three additional years on broadband projects. The announcement comes from the National Telecommunications and Information Administration (NTIA) who recognized that "better data and strategic planning are needed on the state level. -
Recovery Act Boosting Economic Performance and Providing Middle Class Tax Relief
Apr 29, 2010
The Council of Economic Advisers (CEA) recently released its third quarterly report on the impact of the American Recovery and Reinvestment Act (ARRA). The report generally confirms what economists across the board have concluded: the Recovery Act has prevented a full economic collapse; generated millions of jobs; boosted national economic performance; and provided sorely needed state fiscal relief. -
2.4 Million Jobs Supported by the Recovery Act - and a Depression Averted
Feb 18, 2010
This week marks the one-year anniversary of the passage of the American Recovery and Reinvestment Act (ARRA). The annual report by the White House task force monitoring the impact of ARRA funds, led by Vice-President Joe Biden, finds that up to 2.4 million jobs have been created or saved in both the public and private sector as a result of federal recovery efforts.
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Federal Funding for State Innovation
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