economic recovery package

The American Recovery and Reinvestment Act is the name of the much-touted economic stimulus bill headed for the president’s desk. It’s big, to the tune of $789 billion. What happens now?

Obama plans to sign it tomorrow morning and the money will be spent in short order, in hopes of reviving the economy. Governors will play a big part in how the money is spent, based on lists submitted by state and local agencies.