Stimulus Money Unspent as Economy Struggles

[spanone]

CBS) By the end of next month, the federal government will have awarded nearly all of its stimulus funds - $862 billion - to local governments around the country.

But as CBS News Congressional Correspondent Nancy Cordes reports, it's in those states and cities that the money is running into roadblocks.

Rep. James Clyburn, D-S.C. and a supporter of the stimulus, is frustrated with the slow pace of stimulus spending in his home state of South Carolina.

"There is a big difference in what we do here in Washington and how it gets where the rubber meets the road out in these communities," Clyburn said.

Take the cash-strapped District of Columbia - which has spent less than half of the roughly $1 billion stimulus it received. The city got $14 million to repair rundown Pennsylvania Avenue. But only $4 million has gone out the door.

http://www.cbsnews.com/stories/2010/08/16/eveningnews/main6778654.shtml?tag=contentBody;featuredPost-PE