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$827 Billion Spending Bill Becomes $838 Billion According To Latest CBO Report
CBO: $838 BILLION
ASSOCIATED PRESS:
“Moments before the vote, the Congressional Budget Office issued a new
estimate that put the cost at $838 billion, an increase from the $827
billion figure from last week.” (“Stimulus bill narrowly survives Senate test vote,” Associated Press, 02/09/09)
EARLIER MONDAY: $827 BILLION
THE NEW YORK TIMES:
“The Senate agreement on a roughly $827 billion economic stimulus bill
sets up tough negotiations with the House, primarily over tens of
billions of dollars in aid to states and local governments, tax
provisions, and education, health and renewable energy programs.” (“Divisions Over the Competing Stimulus Bills,” The New York Times, 02/07/09)
FIRST REPORTED “DEAL”: $780 BILLION
ABC NEWS:
“After hammering out a deal on a now-$780 billion stimulus package this
evening, Senate leaders believe they have a bill that likely can pass a
Senate vote some time in the coming days.” (“Senate Debates $780 Billion Stimulus Deal,” ABC NEWS, 02/06/09)
FLASHBACK… “STIMULUS” STARTED AT $56 BILLION
$56 BILLION
POLITICO:
“Senate Majority Leader Harry Reid (D-Nev.) and Senate Appropriations
Committee Chairman Robert C. Byrd (D-W.Va.) today announced a $56.2
billion stimulus package.” (“Second stimulus announced,” Politico, 09/25/08)
$61 BILLION
CONGRESSIONAL QUARTERLY:
“The House Friday passed a $60.8 billion economic stimulus package
designed to pump money into infrastructure projects, unemployment
insurance and Medicaid, but a similar measure failed to advance in the
Senate.” (“House Passes Stimulus Measure; Senate Proposal Fails,” CQ, 09/26/08)
$100 BILLION
McCLATCHY: “Washington is poised during the next 90 days to approve spending perhaps $100 billion to jolt the ailing economy.” (“Can a $100 billion stimulus save a $14 trillion economy?,” McClatchy, 11/09/08)
$150 BILLION
DENVER POST:
“House Speaker Nancy Pelosi called for a new $150 billion
economic-stimulus package today and suggested Congress may need to act
this year.” (“Pelosi: New stimulus package needed,” Denver Post, 10/08/08)
$200 BILLION
WASHINGTON TIMES:
“House Speaker Nancy Pelosi vowed Wednesday to hold a lame-duck session
to pass a $200 billion economic-stimulus package likely to include
rebates to middle-class taxpayers, despite recent failure to enact less
ambitious plans and Republican charges it is a ‘spending hike to
exploit the nation's economic troubles.’” (“ Lame-duck session eyed to OK stimulus,” Washington Times, 10/16/08)
$300 BILLION
WASHINGTON POST:
“With fears rising that the nation stands on the precipice of a
prolonged recession, House Democrats are contemplating a huge infusion
of public cash -- as much as $300 billion -- to stoke economic growth
by creating public jobs and padding the wallets of struggling
consumers.” (“House Democrats Consider Large, New Economic Stimulus Package,” Washington Post, 10/14/08)
$400 BILLION
THE NEW YORK TIMES:
“The programs will be a part of a larger economic stimulus package
whose outlines are faint but which is expected to cost $400 billion to
$500 billion.” (“Proposal Ties Economic Stimulus to Energy Plan,” The New York Times, 12/04/08)
$500 BILLION
McCLATCHY:
“President-elect Barack Obama and Democratic congressional leaders have
agreed to a $500 billion economic-stimulus package that they want to
move next month even before Obama takes office.” (“Obama, Democrats Agree to $500 Billion Stimulus Package,” McClatchy, 12/13/08)
$600 BILLION
POLITICO:
“House Speaker Nancy Pelosi (D-Calif.) has increased the size of the
economic stimulus package she will support when Congress reconvenes
next month, saying it will need to be $500 billion to $600 billion.” (“Pelosi sees bigger, greener stimulus,” Politico, 12/12/08)
$700 BILLION
WASHINGTON POST:
“Facing an increasingly ominous economic outlook, President-elect
Barack Obama and other Democrats are rapidly ratcheting up plans for a
massive fiscal stimulus program that could total as much as $700
billion over the next two years.” (“Democrats' Stimulus Plan May Reach $700 Billion,” Washington Post, 11/24/08)
$775 BILLION
WALL STREET JOURNAL:
“President-elect Barack Obama's economic team is crafting a stimulus
package to send to Congress worth between $675 billion and $775 billion
over two years, according to officials familiar with the package...” (“Stimulus Package Heads Toward $850 Billion,” The Wall Street Journal, 12/19/09)
$800 BILLION
THE NEW YORK TIMES:
“Ask just about anyone in Washington involved in the $800-billion-plus
economic stimulus legislation churning its way through Congress and
they will tell you it is a milestone — but without question the less
expensive, and politically and technically less chancy, part of the
Great National Bailout of 2009.” (“Spending More Than $800 Billion Is the Easy Part,” The New York Times, 02/08/09)
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