As President Obama signed the federal stimulus package into law yesterday, officials in Rhode Island were still trying to figure out what the American Recovery and Reinvestment Act of 2009 would mean to the state's budget.

U.S. Sen. Jack Reed, a Democrat, yesterday said the $787 billion package would provide the state more than $1.1 billion of federal aid and create 12,000 jobs. He released a preliminary list of how the money would get spent.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.