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Obama Signs Stimulus Bill, Launches recovery.gov

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President Obama signed the American Recovery and Reinvestment Act into law Tuesday, and his team launched a Web site – Recovery.gov – that is intended to track the progress of the stimulus package.

“The size and scale of this plan demand unprecedented efforts to root out waste, inefficiency and unnecessary spending," Obama said in a video message. “Recovery.gov will be the online portal for these efforts, publishing information about how the funding secured for the legislation will be spent in a timely, targeted, and transparent manner."

“Instead of politicians doling out money behind closed doors, the important decisions about where taxpayer dollars are invested will be yours to be scrutinized," he said. “Once the money starts to go out … you'll be able to see how, when, and where it is spent."

The site currently includes a chart that maps out how the funds are being allocated: $288 billion in tax relief, $111 billion in infrastructure and science, and $59 billion for health care, among other things.

Recovery.gov also has a timeline of expected milestones, and a copy of the stimulus plan.

“There are going to be a few different ways to search for information," according to a note on the site. “The money is being distributed by federal agencies, and soon you'll be able to see where it's going -- to which states, to which congressional districts, even to which federal contractors. As soon as we are able to, we'll display that information visually in maps, charts, and graphics."

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