Economic Impact of the American Recovery and Reinvestment Act of 2009, Second Quarterly Report (Whitehouse.gov)
This is the second quarterly report on the economic impact of the American Recovery and Reinvestment Act of 2009 prepared by the Council of Economic Advisers (CEA). Because identifying the impact of macroeconomic policy is inherently difficult, we report the results from two CEA approaches and those of a number of respected analysts, including the nonpartisan Congressional Budget Office. The CEA Report is available here. The key findings are:
1. As of the end of the fourth quarter of 2009, $263 billion of the total $787 billion included in the Act, or about one-third of the total, has been outlayed or received as tax cuts. If one includes spending that has been obligated but not yet outlayed, the fraction is over one-half.