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Pittsburgh Summit. Releases Its Most Recent Report On The Recovery Act. Across the United States, to date, the Department of the Treasury has paid out over $272 billion in Recovery Act funds for use in states and localities.
Of that amount, $1.6 billion has been paid out since the beginning of fiscal year 2014. A significant component of the Recovery Act was grants for use in states and localities. As of the end of October 2013, the Department of the Treasury has awarded approximately $219 billion of Recovery Act funds in the form of grants. These grants covered a broad range of areas including education, transportation, infrastructure, energy, the environment, health care, and housing.
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Financial Crisis: IMF Key Issues.