![[Valid Atom 1.0]](valid-atom.png "Validate my Atom 1.0 feed")
STIMULUS FUNDS * USA - DOT Recovery Spending Tops $2.6 billion
Lieberman pushes administration to push money out faster to fight recession
Washington,DC,USA -The Journal of Commerce, by John D. Boyd -Sep 11, 2009: -- Highway-led spending pushed total Department of Transportation payments under the Recovery Act to $2.621 billion through Sept. 4, for an increase of $267 million from a week earlier... Of the department’s total disbursements, the Federal Highway Administration said it has spent $1.58 billion mostly for highway and bridge repairs... At present it still has about 3,500 construction projects under way valued at more than $10 billion. More projects have already been approved, but the agency still has $8.5 billion more to award... But critics say it is still spending out too slowly... Lieberman said because many contracts are coming in at less cost than planned “we have more dollars to spend on worthy projects” and must put all the money to work as fast as possible to blunt the continuing impact of the recession... (Photo from mto.gov.on.ca: Construction northern highway Mattawa)
Labels: governments stimulus funds
posted by Unknown @ 10:21 AM
0 Comments:
Post a Comment
<< Home