The economic stimulus legislation pending in Congress would add between 1.2 and 3.6 percent to economic growth by the end of next year, according to the Congressional Budget Office. That's compared to the CBO's "baseline" forecasts, which predict growth without the legislation.
The legislation would also create between 1.3 million and 3.9 million jobs by the fourth quarter of 2010, compared to the baseline forecast.
The nation's unemployment rate would be between 0.6 and 2 points lower than the baseline forecast of 8.7 percent by then, according to the CBO's analysis.
While the analysis was linked to an earlier version of the stimulus bill passed by the Senate on Tuesday, the CBO says the estimates would be essentially the same.
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