US stimulus to save 3.5 million jobs by end 2010

According to the White House Council of Economic Advisers, the American Recovery and Reinvestment Act, signed into law in February, will meet previous estimates to save 3.5 million U.S. jobs by the end of 2010, but the unemployment rate at that time may be higher due to further deterioration in the economy. The Administration is closely the results of the $787 billion spending and tax-cut package to determine whether additional actions are needed as "mid-term" economic forecasts are prepared by the White House.