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U.S. markets recover from steep losses
WASHINGTON, Nov. 30 (UPI) -- Investigators monitoring the U.S. stimulus package said fund recipients could be under-reporting jobs created by the $787 billion spending bill.
"I have no doubt there are a lot of jobs being created. I think it could be above or below 640,000. Missing reports might drive the number up, and misreporting might drive the number down," said Earl Devaney, chairman of the Recovery Accountability and Transparency Board, USA Today reported Monday.
Devaney said 10 percent of the 130,000 fund recipients had yet to file reports.
In addition, Gene Dodaro, head of the Government Accountability Office, told a House Oversight and Government Reform Committee that 9,000 reports representing nearly $1 billion in spending have not listed any jobs gained or saved, as some of the data is not yet available.
Rep. Darrell Issa, R-Calif., dismissed previous job data as over-inflated "propaganda."
A spokesman for Issa's office, Kurt Bardella, said doubts the numbers were high enough did not correct the perception the figures could not be trusted.
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