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American Recovery and Reinvestment Act
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A project funded by the American Recovery and Reinvestment Act of 2009 Obama and Collins discussing the American Recovery and Reinvestment Act Close-up of President Barack Obama's signature on the American Recovery and Reinvestment Act bill, with a black pen resting above the signature. Valerie Jarrett and David Axelrod sit on a couch in the Oval Office, reading the Quarterly Report of the American Recovery and Investment Act of 2009.
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A project funded by the American Recovery and Reinvestment Act of 2009
A project funded by the American Recovery and Reinvestment Act of 2009 Sign identifying a bridge-expansion project funded by the American Recovery and Reinvestment Act, near Warsaw, Kentucky, July 2009.

American Recovery and Reinvestment Act

United States [2009]
Also known as: ARRA, the Stimulus
Written by
Michael Levy
Michael Levy was political science editor (2000-06), executive editor (2006-11), editor of Britannica Blog (2010-11), and director of product content & curriculum (2011-12) at Encyclopaedia Britannica....
Michael Levy
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Britannica Editors
Encyclopaedia Britannica's editors oversee subject areas in which they have extensive knowledge, whether from years of experience gained by working on that content or via study for an advanced degree....
Britannica Editors
History

American Recovery and Reinvestment Act (ARRA), legislation, enacted by the U.S. Congress and signed into law by Pres. Barack Obama in 2009, that was designed to stimulate the U.S. economy by saving jobs jeopardized by the Great Recession of 2008–09 and creating new jobs. In December 2007 the U.S. economy officially slipped into recession, spurred particularly by the decline in the housing market and the subprime mortgage crisis and worsened by the collapse of the...

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