Recovery Act

The Recovery Act, officially known as the American Recovery and Reinvestment Act of 2009, was a U.S. law aimed at stimulating the economy during the Great Recession. It provided approximately $787 billion in federal spending and tax cuts to create jobs, support struggling industries, and spur economic growth. Key areas of investment included infrastructure, education, and renewable energy. The Act was designed to promote recovery, reduce unemployment, and improve public services, helping to stabilize the economy and lay the groundwork for future growth.