Daily News Channel
The American Recovery and Reinvestment Act of 2009 — President Obama’s $787 billion stimulus — has been marketed as a jobs bill, and that’s how it’s been judged. The White House says it has saved or created about 3 million jobs, helping avoid a depression and end a recession.
President Obama, in an effort to stimulate the economy and support critical research, will announce $5 billion in grants when he visits the National Institutes of Health on Wednesday, according to an administration official. The money, which comes from Recovery Act funds, is aimed at supporting “12,000 critical research projects — and tens of thousands of jobs associated with them, ranging from teachers and lab technicians to database managers and scientists,” the official wrote in an e-mail.