stimulus funds

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Bernanke Reveals Plan to Tighten Credit

Federal Reserve will use new tool to boost interest it pays banks

(Newser) - Ben Bernanke has begun outlining the Fed's strategy for reeling in stimulus money once the economy has recovered further, telling the House Financial Services Committee today that the Reserve will likely increase the interest rate it pays banks that deposit money with it. That would encourage banks to leave more...

Big Mistakes of Obama's First Year
 Big Mistakes 
 of Obama's 
 First Year 
OPINION
Jan 21, 2010 12:20 PM CST

Big Mistakes of Obama's First Year

President's miscalculations include scale, momentum

(Newser) - Scott Brown’s Senate victory in Massachusetts is the final nail in the coffin of the Obama administration’s first-year political strategy, John F. Harris and Carol E. Lee write for Politico . The miscalculations cover “three major counts":
  • Believing 2008 was a game-changer: The Obama team thought the "
...

Obama Tags $3.4B for Smart Energy Grid

Plan will create tens of thousands of jobs and cheaper electricity

(Newser) - President Obama will roll out a plan to use $3.4 billion in stimulus funds to modernize the nation’s electrical grid today. The “smart grid” spending will go to private contractors, utilities, and municipal governments in grants of between $400,000 and $2 million. The administration expects $4....

Beck: Progressives Are Like Slave Owners
 Beck: Progressives 
 Are Like Slave Owners 
WATCH THE VIDEO
Oct 21, 2009 7:11 AM CDT

Beck: Progressives Are Like Slave Owners

Plus, Fox News host is now traveling with an armed guard

(Newser) - Glenn Beck’s latest metaphor: Progressives are like slave owners. He came up with this one last night while bemoaning the thousands of people in Detroit who lined up to apply for, as he called it, “free government money that we don’t know where it came from,”...

Et tu, Barack? Teachers Lose Another Ally

Embattled unions don't want evaluation based on test scores

(Newser) - Teachers union members are fuming over President Obama's desire to stay the course and evaluate educators based on student test scores, McClatchy reports. Obama is even threatening to withhold California stimulus money unless the state enshrines the student-teacher performance link into law. "It takes more than the ability to...

States Ignoring $5B in Stimulus Cash for Needy

Say they can't afford matching funds, despite benefits

(Newser) - About half of US states are passing on a $5 billion pool of federal stimulus funds because of a requirement they put up 20% of the money, ProPublica reports. Only 27 states have applied for money under the program, which gives them wide discretion on how to distribute it—some...

Next Clunkers You Can Cash In On? Appliances

(Newser) - If you missed out on cashing in on that clunker in your driveway, your next chance may be no farther than the kitchen, USA Today reports. Stimulus funds that will give consumers rebates as high as $200 for replacing old, inefficient appliances with newer models are due to start flowing...

Duncan Poised to Be Most Powerful Ed Sec Ever

Tight with prez, Duncan holds keys to $5B in stimulus funds

(Newser) - Tight with President Obama and with $5 billion at his disposal, Arne Duncan may become the strongest education secretary in history, writes Nia-Malika Henderson for Politico. “Never ever have they had $5 billion to decide what to do in the education system,” says an education advocate. And it’...

Lawmakers Pushing to Extend Stimulus Tax Breaks

(Newser) - It's like a second, mini-stimulus. Lawmakers from both parties are pushing to extend the life of various tax breaks and benefits included in the original $787 billion stimulus package, the Hill reports. All told, the wish list adds up to about $88 billion. The biggest chunk of that would be...

Food-Stamp Funding Boost Gives Economy Quick Lift

Money gets spent fast; $5 in stamps yields $9.20 in activity

(Newser) - The boost in food-stamp funding included in President Obama’s stimulus bill is pumping cash into the economy, the Wall Street Journal reports. In April, families of four on food stamps started getting about an extra $80 a month. Every $5 spent in food-stamp money means a quick $9.20...

While US Dallies, France Spends Its Stimulus

(Newser) - France has a reputation for stifling bureaucracy and long vacations, but when it comes to stimulus spending, the country is racing ahead of the US. This summer, workers are completing massive renovation projects not just for roads and rails, but to museums and cathedrals, and royal palaces. According to the...

Obama Promises 600K Stimulus Jobs

Public works, schools, summer youth programs to see US cash

(Newser) - President Barack Obama promised today to deliver more than 600,000 jobs through his $787 billion stimulus plan this summer, with federal agencies pumping billions into public works projects, schools, and summer youth programs. Obama is ramping up his stimulus program this week, promising an accelerated pace of federal spending...

Stimulus Hasn't Reached States That Need It Most
Stimulus Hasn't Reached States That Need It Most
investigation
May 28, 2009 10:20 AM CDT

Stimulus Hasn't Reached States That Need It Most

(Newser) - The states President Obama’s $787 billion stimulus package was most intended to help aren’t yet getting much out of it, USA Today reports after analyzing government contracts. The eight states with unemployment rates higher than 10% have seen an average of $7.42 per person from the $4...

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