Stimulus Raised GDP 4.2% in First Quarter
Posted in Main Blog (All Posts) on May 27th, 2010 4:52 am by HL
Stimulus Raised GDP 4.2% in First Quarter
The massive U.S. stimulus package put up to 3.4 million people to work and boosted GDP by up to 4.6 percent in the first three months of 2010, the nonpartisan Congressional Budget Office said on Tuesday. CBO’s latest estimate does not differ significantly from its previous assessments of the impact of the $893 billion package, passed in 2009.