BUSINESS

Stimulus Boosted U.S. GDP By Up To 4.5% In 2Q, Added Up To 3.3 Million Jobs: CBO

10/24/2010 05:12 am ET | Updated May 25, 2011

WASHINGTON (Reuters) -- The massive stimulus package boosted real GDP by up to 4.5 percent in the second quarter of 2010 and put up to 3.3 million people to work, 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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