CBO: Stimulus Added Millions Of Jobs In Second Quarter

08/24/2010 08:05 pm ET | Updated May 25, 2011

WASHINGTON (Reuters) - The massive U.S. stimulus package put millions of people to work and boosted national output by hundreds of billions of dollars in the second quarter, the nonpartisan Congressional Budget Office said on Tuesday.

CBO's latest estimate indicates that the stimulus effort, which remains a political hot potato ahead of the November congressional elections, may have prevented the sluggish U.S. economy from contracting between April and June.

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