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February 17th, 2010
11:20 AM ET

Stimulus: One Year Later

Vice President Joe Biden will release his annual stimulus progress report on Wednesday.

Vice President Joe Biden will release his annual stimulus progress report on Wednesday.

Tami Luhby
CNN Money

Wednesday marks the one-year anniversary of the stimulus bill, and from here on out the pace of spending should pick up, according to administration officials.

The federal government expects to distribute $32 billion in Recovery Act funds per month, up from an average $27 billion a month over the past year, according to Vice President Joe Biden, who will release his annual stimulus progress report on Wednesday.

"...the year ahead will see a capitalizing on an inventory of work that is awarded and "ready to go"," according to the report.

The report comes on the one-year anniversary of the largest economic stimulus program in the nation's history. The controversial $787 billion program has elicited both praise and scorn from many sectors of the country.

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Filed under: Economy • Joe Biden • Stimulus
soundoff (2 Responses)
  1. Mike, formerly from Syracuse, NY

    How can the stimulus have done what it 'promised to do' when the promise was that unemployment wouldn't top 8% (but it rose to over 10%), and it would create 3.5 million jobs (but we lost 3 million)?

    February 17, 2010 at 1:02 pm |
  2. Tim Gibson

    How much is being awarded to Hallmark so they can issue a special one year anniversary collectors card.

    February 17, 2010 at 11:55 am |