(The following appeared on The Journal of Commerce website on June 3, 2011.)
WASHINGTON, D.C. — The Department of Transportation’s payouts to states for work done under the 2009 economic stimulus law went above $28.4 billion as of May 20, the government reported, a $241 million increase from a week earlier.
So far in 2011, the DOT disbursed nearly $3.7 billion in payments for transportation infrastructure projects, out of its funding from the American Recovery and Reinvestment Act. It was authorized $48.1 billion in all, so it has nearly $20 billion left to spend.
Full story: www.joc.com