The New Boss

The American Recovery and Reinvestment Act of 2009 (ARRA) was passed by both houses of Congress on Feb. 13, 2009 and signed four days later by President Obama. The proposed antidote to a financial crisis that has left the nation gasping for breath since September 2008, the law seeks to revitalize the American economy by allocating $787 billion to a variety of areas including infrastructure maintenance, aid to state and local government, welfare assistance, environmental initiatives, and energy independence programs.

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