Analysis: Stimulus Money To Take Longer To Work

By: Associated Press
By: Associated Press
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WASHINGTON (AP) -- A congressional analysis says that President Barack Obama's economic stimulus plan would flow into the economy a little more slowly than he predicted.

The study says almost two-thirds of the $816 billion would hit the economy over the next year and a half. That would fall short of the 75 percent the Obama administration promised would be spent by October 2010, though that's faster than what a previous study by the Congressional Budget Office had suggested.

The new estimate applies to the House version of the measure slated for a floor vote on Wednesday.

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