The National Association of State Budget Officers

 
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PublicationsWashington Report    September 2, 2010
Washington Report & NASBO News
 

Earlier this month, the Federal Highway Administration (FHWA) issued a notice rescinding $2.2 billion of unobligated balances of federal-aid highway funds apportioned to states, as required by the State Aid bill.

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On August 24, the Congressional Budget Office (CBO) released its latest economic impact report of the Recovery Act, showing that the bill lowered the unemployment rate between 0.7 percentage points and 1.8 percentage points and raised real gross domestic product (GDP) between 1.7 percent and 4.5 percent.

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Second Quarter Revised GDP Results Show Economy Maybe Stagnating
 
Home Sales Fall Below 2009 Level
 
New Orders for Core Durable Goods Show Significant Decline in July

 

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