February 12, 2010
It took about 3 months for DOE to get the first $1 billion into circulation in the economy and about 2.5 months for the second $2 billion (still less than 10% of the total). I guess we should all be thankful for this smallest sign of improvement, but I wonder who will still be around when the agency finally finishes spending the Recovery Act monies in 2015?
Again, I suggest that it is instructional to look at what other federal agencies are doing. This yardstick shows that the average federal agency has figured out how to pay out 35% of Recovery Act funds.
They are even slower over at the NSF.