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Vice President Biden and Council of Economic Advisers Chair Romer Release New Recovery Act Report
Wednesday, July 14, 2010
The President’s Council of Economic Advisers Chair Christina Romer held a conference call on the release of the latest quarterly report to Congress detailing the impact of the Recovery Act on the economy. She and Vice President Biden officially released the report at an earlier event. The CEA presents a report to Congress each quarter detailing the effects of the Recovery Act on the overall economy, including an assessment of jobs saved and created, among other economic factors. House Minority Leader John Boehner released a statment in response to the report, criticizing the stimulus act.
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Recent Programs
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Outgoing White House Economic Adviser Christina Romer spoke at the National Press Club in Washington about the Obama Administration’s economic policies. She defended the success of last year’s $787 billion stimulus and called for more federal spending to speed up economy recovery. Romer is the chairman of the President’s Council of Economic Advisers and will leave that position on September 3, returning to the University of California, Berkeley, where she is an economics professor.
Washington, DC
: 1 hr. 5 min.
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 Romer at NPC
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President Obama answered questions on a number of topics during a back-yard gathering in Columbus, Ohio. Residents of the community asked about the future of social security, the housing market and health care.
Columbus, OH
: 59 min.
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Pres. Obama Town Hall
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President Obama toured a ZBB Corporation manufacturing facility in Menomonee Falls, Wisconsin and spoke to workers about jobs and the economy.
Menomonee Falls, WI
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Pres. Obama Remarks on the Economy
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The American Enterprise Institute hosted Harvard economist Robert Barro as he shared his theories on the effectiveness of the $787 billion economic stimulus package, contending that federal spending decreases spending in the private sector. He offered evidence showing that, over five years, an extra $600 billion in public spending has deterred $900 billion in private spending.
Washington, DC
: 1 hr. 17 min.
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AEI Speech
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The Chairman of the Council of Economic Advisors, Christina Romer appeared on Capitol Hill to talk about the economic outlook for the short and long term. Earlier, the White House released a quarterly report on the impact of the ‘Recovery Act’ that suggests the stimulus ‘saved or created about 3 million jobs’. Rep. Carolyn Maloney (D-NY) chairs the Joint Economic Committee.
Washington, DC
: 2 hr. 38 min.
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Joint Economic Committee
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About This Page
The $787 Billion American Recovery and Reinvestment Act of 2009 (ARRA) was signed into law by President Obama on February 17th, 2009. Known as the economic stimulus law, it was passed to jumpstart the U.S. economy as well as to save and create more than 3.5 million jobs over the next two years.
Recovery Progress Report: As of September 1, $433.8 billion of the $787 billion stimulus has been committed to states; $289.5 billion has been paid out
This website contains news conferences, hearings and Congressional debates on the stimulus as well as links to government and watchdog groups who are tracking spending.
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