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The American Recovery and Reinvestment Act of 2009 ( ARRA) ( Pub. L. 111–5 (text) (PDF) ), nicknamed the Recovery Act, was a stimulus package enacted by the 111th U.S. Congress and signed into law by President Barack Obama in February 2009. Developed in response to the Great Recession, the primary objective of this federal statute was to save ...
The Economic Stimulus Act of 2008 ( Pub. L. 110–185 (text) (PDF), 122 Stat. 613, enacted February 13, 2008) was an Act of Congress providing for several kinds of economic stimuli intended to boost the United States economy in 2008 and to avert a recession, or ameliorate economic conditions.
The economic policy of the Barack Obama administration, or in its colloquial portmanteau form "Obamanomics", was characterized by moderate tax increases on higher income Americans designed to fund health care reform, reduce the federal budget deficit, and decrease income inequality. President Obama's first term (2009–2013) included measures ...
According to a new survey of economists, an economic recovery from the United States' worst recession in more than a generation has begun, jump-started by the Obama administration's $787 billion ...
The Great Recession was a period of marked decline in economies around the world that occurred in the late 2000s. The scale and timing of the recession varied from country to country (see map). [ 1][ 2] At the time, the International Monetary Fund (IMF) concluded that it was the most severe economic and financial meltdown since the Great ...
The Chinese economic stimulus program of 2008-2009 was a RMB¥ 4 trillion stimulus introduced during the financial crisis of 2007–2008. The $2 trillion CARES Act in response to the COVID-19 pandemic was signed by President Donald Trump in March 2020.
In the end the economy grew in 2009 by 0.1% and in 2010 by 14.5%. [180] [181] [182] January 20–26, 2009: The 2009 Icelandic financial crisis protests intensified and the Icelandic government collapsed. [183] February 13, 2009: Congress approved the American Recovery and Reinvestment Act of 2009, a $787 billion economic stimulus package ...
President George W. Bush delivers a statement at the White House regarding the economic rescue plan. Public Law 110-343 (Pub. L. Tooltip Public Law (United States) 110–343 (text), 122 Stat. 3765, enacted October 3, 2008) is a US Act of Congress signed into law by U.S. President George W. Bush, which was designed to mitigate the growing financial crisis of the late-2000s by giving relief to ...