cbo

We've now got hold of Congressional Budget Office data on the timeline for spending of the 'stimulus package' - now officially renamed American Recovery and Reinvestment Act of 2009 (ARARA) - which provided the basis for reports in the Washington Post (Jan 21) and Wall Street Journal (Jan 22) of projected slow spending for highway funds, and which a CBO press officer tried to disown.

The Washington Post and the Wall Street Journal both had similar stories this week citing a Congressional Budget Office report saying that most of the money proposed in the Democrats stimulus package for  highways and other infrastructure would not get spent until after Oct 2010 (FY2010) when they forecast the recession would be over.

INNOVATIVE FINANCE