Innovation Update

Ask AP: Stimulus Money Refused, US Base Opposed

 

If that doesn't happen, the money goes back to the Treasury Department, where — depending on how you interpret the government's heavily out-of-balance balance sheets — it'll be spent on other programs or it will slightly reduce the huge federal deficit.

South Carolina Gov. Mark Sanford is considering refusing $700 million in education money, saying he prefers to use the money to pay down state debt. If that money doesn't get spent, it could get distributed to other states.

It's important to remember in all this that governors control only a fraction of the $787 billion in stimulus money. Washington spends the rest through existing programs.

Matt Apuzzo

Associated Press Writer

Washington

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I have a savings account that I had to open with my father because of my age at the time. My father now owes the IRS money so the IRS cleared my account, with my hard-earned money in it. Is there any way I could try to get my money back from the IRS? After all, they took my money, not his.

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