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ARTICLE · 20 SEPTEMBER 2010

ARRA Update from Council of Economic Advisors

Goodwin Procter LLP
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The President’s Council of Economic Advisors (the "CEA") released its latest quarterly report on July 14, 2010, regarding the impact of the American Recovery and Reinvestment Act of 2009 ("ARRA").

United StatesStrategy
Goodwin Procter'S Public Finance Practice Group
Goodwin Procter'S Public Finance Practice Group

The President's Council of Economic Advisors (the "CEA") released its latest quarterly report on July 14, 2010, regarding the impact of the American Recovery and Reinvestment Act of 2009 ("ARRA").  The full text of the report can be found here.

The following is a list of some of the highlights noted in the executive summary of the report:

  • The magnitude of ARRA fiscal stimulus increased from $80 billion in the fourth quarter of 2009 to $108 billion in first quarter of 2010 to $116 billion in second quarter of 2010.
  • Government investment in infrastructure, clean energy, and communications technology increased by approximately 50% between the first and second quarters of 2010.

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