WASHINGTON (AP) â€” President Barack Obama's massive stimulus measure has created or saved as many as 3.3 million jobs and continues to boost economic growth in the second half of 2010. But it's coming at a higher pricetag than originally billed.
Congressional analysts released new figures Tuesday estimating that the law enacted in January of 2009 â€” then projected to cost $787 billion over a decade â€” would cost $814 billion. That's still lower than the Congressional Budget Office estimated in January, when it said the measure would cost $862 billion.
The report comes 10 weeks before midterm congressional elections in which Republicans are hammering Democrats and Obama on the economy, charging they've pushed runaway spending without creating promised jobs.