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The Federal Reserve's initial emergency plan last fall to save then-failing American International Group was so hastily put together and poorly structured that it resulted in billions of additional taxpayer dollars spent on the insurance giant, says a new report by a Treasury Department independent watchdog.
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The Government Accountability Office, the congressional watchdog, will testify at a House oversight committee hearing Thursday that there are "significant issues to be addressed" in the accuracy of reports about the number of jobs credited to the federal stimulus program because of errors in forms filed by recipients of the money.
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Sunday, November 15th, was the “opening day” of rifle season for deer hunting in Michigan, but the 15th is also another “opening day,” for American seniors ready to sign up for their Medicare prescription drug coverage.
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More than 50,000 jobs, or one out of every 10 jobs the White House says were "saved or created" by their economic stimulus plan, came from projects that reported spending no money yet, according to a government report obtained by ABC News.
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When President Barack Obama came before a joint session of Congress on Feb. 24 to talk about his $787 billion stimulus package, he acknowledged that there were many "who are skeptical of whether this plan will work.''
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