Stimulus Package The American Recovery and Reinvestment Act of 2009 (the “ARRA” or “Stimulus”) was passed by Congress and signed into law by President Barack Obama with the hopes that it would achieve two key objectives: add new jobs and save existing jobs. The Stimulus Bill authorized the United States federal government to spend a [...]
Stimulus Bill The American Recovery and Reinvestment Act (the “Stimulus Bill” or the “ARRA”) was passed by Congress and signed into law by President Barack Obama in February of 2009. The law had two explicit purposes: to save existing American jobs and create new ones for individuals who had lost work due to the economic [...]
Stimulus Plan In 2009, Congress passed the American Recovery and Reinvestment Act of 2009 (otherwise known as the “Stimulus Plan” or the “ARRA” and sometimes erroneously referred to as the American Reinvestment and Recovery Act). This landmark piece of legislation was passed in the heat of an economic recession, the likes of which this country [...]
ARRA Funding The American Reinvestment and Recovery Act (“ARRA”) was passed in February of 2009 with the hope that it would stem the rising tide of unemployment and other economic difficulties within the United States. After enjoying a long ride of prosperity and a real estate value boom in many parts of the country, the [...]
ARRA Funds The American Recovery and Reinvestment Act (‘ARRA”) was passed to achieve two primary goals. First, to create new additional jobs to help stimulate the economy and lower the high unemployment rate the United States was facing at the time. Second, to help keep current jobs in place and keep the US unemployment rate [...]
