BUSINESS

Federal Stimulus: California Funds Haven't Hit 'Real Economy'

07/03/2009 05:12 am ET | Updated May 25, 2011

June 2 (Bloomberg) -- California public-works official Bob Beaumont says the $2.1 million he may get from President Barack Obama's stimulus plan "isn't going to make a lot of difference" in a county with $40 million in "shovel-ready" projects.

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