Officials: Stimulus bill to cost $75B more
Posted by NECN - Business on January 26, 2010 · Leave a Comment
WASHINGTON (AP) - Last year's $787 billion economic stimulus bill is going to be even more expensive - $75 billion more.
That's the finding in a Congressional Budget Office estimate of the costs of the economic stimulus bill, which mixed tax cuts and lots of spending in an effort to jump-start the economy.
The reason for the higher estimate of the recovery bill's price tag is chiefly that unemployment benefits are costing more. Plus, stimulus-subsidized bonds to pay for infrastructure projects are more popular than expected with state and local governments.