Morning Cup of Stimulus: Bitter Aftertaste
This is the latest from our new Stimulus blog. Check out our posts, our charts, and more.
With blue chips selling for the price of potato chips and this morning's news that unemployment has hit 8.1 percent, pressure is growing to move the stimulus cash fast. And it seems to be grating the nerves of mayors and local officials from New York City to Battle Creek, Mich., who have publicly fumed at their state officials in recent days. Meanwhile, the Senate got some answers yesterday in a hearing on oversight and transparency of the stimulus package.
With urgency in mind, the Federal Transit Administration released its allocations of public transit dollars, and the Department of Homeland Security named 17 airports that will be getting new explosives detection machines. New Jersey and Idaho released their project lists.
As speculated, the stimulus may indeed revive the FutureGen "clean coal" power plant in Mattoon, Ill., now that several of its supporters are in the Obama administration, reports The Washington Post.
Project of the day: $2.1 million to relocate an aging Greyhound bus terminal in Miami.
Officials have struggled to spend the nearly $800 billion stimulus package quickly and effectively.
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