WASHINGTON – Vice President Joe Biden says the Obama administration's $787 billion stimulus program is meeting its goals in revving up the ailing economy.
Biden told reporters Tuesday that spending by state and local governments increased in the last quarter, as did household incomes, while investments by businesses had contracted less than expected. He also said that home and car sales are rising as well, thanks to government incentive programs.
Biden credited the stimulus program for the positive numbers, and said he can say "without reservation" that it is working. The vice president commented after meeting at the White House with members of the administration's economic team.