A Dialogue on the Recovery Act

Nearly a year ago, the Congress and the President joined together to enact the American Recovery and Reinvestment Act, one of the most sweeping economic recovery efforts in our nation’s history.  Since then, and although more steps can and should be undertaken to promote job growth, the Recovery Act has spurred economic activity and thereby helped to avert a depression.

The Administration is committed to an unprecedented degree of transparency and accountability to taxpayers about the Recovery Act.   Last Thursday, January 28, I received a letter from Sen. Charles Grassley, Ranking Member of the Committee on Finance, asking a number of questions about the implementation and oversight of the act.  You can read my response here.