A new report by the non-partisan Congressional Budget Office on the impact of the stimulus program estimated that the plan lowered the unemployment rate by between 0.7 percentage points and 1.8 percentage points. The CBO report, released Tuesday on the same day as the White House released a report of its own on the effects of stimulus funding on innovation, uses economic models to ascertain the …

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CBO: Stimulus Lowers Jobless Rate By Up To 1.8 Points

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