CBO: Stimulus saved millions of jobs in second quarter

The nonpartisan Congressional Budget Office said Tuesday the Obama administration’s economic-stimulus plan has increased the number of employed Americans by between 1.4 million to 3.3 million during the second quarter.

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The CBO, in a report released Tuesday, said the Obama administration’s American Recovery and Reinvestment Act has lowered the unemployment rate by up to 1.8% and raised the level of gross domestic product by up to 4.5%.

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