STIMULUS

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S.D. governor: State can’t rely on federal money

South Dakota cannot rely on getting additional federal stimulus money to help balance next year’s budget, Gov. Mike Rounds said Thursday. Rounds said he and the governors of more than 40 other states have asked Congress to extend higher federal Medicaid payments for another six months, which would give South Dakota an extra $26 million in federal funds to replace state money next year. But he said the Legislature will have to pass a state budget in a couple of weeks without counting on any extra federal help.

By By Chet Brokaw, The Associated Press , February 26, 2010

Letter to the editor: Stimulus package has helped economy begin to recover

I have to say I’m a bit confused by those who are complaining about the stimulus package, government spending, and the Obama administration.

By Richard Van Eck , February 26, 2010

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Low inflation gives Fed room to keep rates down

WASHINGTON (AP) — The Federal Reserve seems likely to keep interest rates at record lows for several more months after news Friday that consumer prices excluding food and energy fell in January.

February 19, 2010

Some Fed officials favor reeling in stimulus soon

With the economy healing, Federal Reserve officials debated last month when to reel in the extraordinary stimulus aid they injected into the economy. Some officials wanted to start selling assets on the Fed’s books “in the near future,” documents released Wednesday show. Selling assets would sop up some of the stimulus money and shrink the Fed’s $2.2 trillion balance sheet. But many members expressed concern that such transactions could drive up interest rates and hurt the economic recovery.

By By Jeannine Aversa, The Associated Press , February 18, 2010

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Bernanke gives plans for pulling in stimulus aid

Federal Reserve Chairman Ben Bernanke began Wednesday to outline the central bank’s strategy for reeling in stimulus money once the economic recovery is more firmly rooted.

By By Jeannine Aversa, The Associated Press , February 11, 2010

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Report criticizes stimulus spending site

A recent report ranked North Dakota last in the country for the transparency of its economic stimulus spending, but an official said the state didn’t want to spend tax dollars on duplicating information that is available through the federal government.

By By Ryan Johnson, Forum Communications Co.J , February 05, 2010

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Embattled Obama declares ‘I don’t quit’ in State of the Union

Embattled Obama declares ‘I don’t quit’ in State of the Union Declaring “I don’t quit,” an embattled President Barack Obama vowed in his first State of the Union address Wednesday night to make job growth his topmost priority and urged a divided Congress to boost the still-ailing economy with a new burst of stimulus spending. Despite stinging setbacks, he said he would not abandon ambitious plans for longer-term fixes to health care, energy, education and more.

By By Jennifer Loven, The Associated Press , January 28, 2010

Obama to seek freeze on part of budget

Obama to seek freeze on part of budget Facing voter anger over mounting budget deficits, President Barack Obama will ask Congress to freeze spending for some domestic programs for three years beginning in 2011, administration officials said Monday. Separately, Obama unveiled plans to help a middle class “under assault” pay its bills, save for retirement and care for kids and aging parents.

By By Ben Feller and Andrew Taylor, The Associated Press , January 26, 2010

Stimulus plan projects picked

The Jamestown Public School Board selected about $1 million in buildings and grounds projects to do within the next two years, all paid for with stimulus dollars.

December 22, 2009

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N.D. federal stimulus scorecard: $175K per job

State calculations show federal stimulus spending in North Dakota has helped create just under 1,000 jobs, at a cost of almost $171 million.

December 15, 2009

Energy official says N.D. in line for energy money

A senior federal Energy Department official says North Dakota is getting $169 million worth of energy project money through the federal stimulus act.

November 11, 2009

Goverment touts stimulus’ effect on jobs

Nearly 650,000 jobs have been saved or created under President Barack Obama’s economic stimulus plan, the government said Friday, and the White House declared the nation on track to meet the president’s goal of 3.5 million by the end of next year.

October 31, 2009

Counties differ on ‘recovery zone’ program

County officials in North Dakota are not of the same mind when it comes to accepting federal stimulus money to help pay for certain economic development projects.

October 26, 2009

Questions on stimulus spending at border linger

A watchdog’s review of stimulus spending by the Department of Homeland Security doesn’t resolve the controversy about how the Obama administration allocated the money for border projects.

By By Eileen Sullivan, The Associated Press , October 26, 2009

Dakotas tribes getting stimulus money

American Indian tribes in the Dakotas are getting about $42 million in federal stimulus money for water projects.

October 19, 2009

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