Lesson in Economics - Econ 101 - Page 4 Trillions of Dollars
In response to the U.S. Department of Transportation estimate that the $1
billion appropriated for the system was almost exhausted by July 30, 2009, due
to very high demand, Congress approved an additional $2 billion for
the program with the explicit support of the Obama Administration. On
July 31, 2009, the House of Representatives approved the extra $2 billion for
the program, and the Senate approved the extension on August 6,
defeating all six amendments presented. President Barack Obama signed
the bill into law on August 7, and the appropriation was exhausted by August
24, 2009.
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