Posted by Shoshana Lew, CFO/Assistant Secretary for Budget and Programs
Looking back nearly eight years ago, President Obama signed the American Recovery and Reinvestment Act (Recovery Act) into law, as part of a series of bold actions to help revive the country during one of the worst economic crises in its history – which included the Recovery Act as well as measures to strengthen financial institutions and save the American auto industry.
As described in a new report by the U.S. Department of Transportation, and introduced by Vice President Biden, roughly $48 billion of investments in our transportation system, through the Recovery Act, were part of a historic economic turnaround.
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