Home

stimulus money

Much stimulus money remains unspent

Sat, 08/14/2010 - 22:49 by Prince damin

Washington -- Billions of dollars in stimulus funding remains unspent and Americans are wondering why, a report says.

Some cities hit hardest by recession-caused unemployment have hardly touched millions of dollars in stimulus funds, The Washington Post said Saturday.

Detroit, with 14 percent unemployment, had spent just 1 percent of its nearly $9 million in stimulus funds by June 30, and Phoenix has spent even less of its $15 million, the report said.

At the end of July, almost 18 months after the stimulus was approved, more than half of $275 billion for infrastructure improvements and healthcare remains unspent, the Post said.

U.S. battery power stimulus money matched

Thu, 07/15/2010 - 09:30 by Pankaj Damin

Washington -- U.S. stimulus money for advanced battery and electric vehicle grants has been matched at least dollar for dollar, the U.S. Department of Energy said Wednesday.

The economic stimulus money, intended to create jobs and promote investment and consumer spending during the recession, is also projected to increase U.S. production of the world's batteries for hybrid and electric cars to 40 percent by 2015 from 2 percent this year, the department said Wednesday night.

The announcement came on the eve of U.S. President Barack Obama's Thursday visit to Holland, Mich., for the groundbreaking of a Compact Power Inc. factory.

How the Stimulus Can Make You a Millionaire

Thu, 04/02/2009 - 15:25 by Dan Caplinger

Soon, you'll be seeing a bit more money in your wallet, thanks to the government's latest stimulus package. If you play your cards right and don't just go blow it on an extra lunch or a trip to the movies, you could make yourself a millionaire over time.