Federal outlays under the rebuild law, cumulative

Why this row

The Act authorizes $2,496 billion over FY2028 to FY2037, ramping from $100 billion in the first year to a peak of $320 billion, and its first two years put at least 60% of obligations into micro-projects, workforce, long-lead equipment and state capacity before the large projects begin. At CBO's spendout rates that is $637 billion out the door by the end of FY2032, mobilizing about $1.45 trillion of investment at the program's leverage of 2.28. The row is binding on Congress, which appropriates, and on the Mission Board, which certifies the triggers each tranche must pass. The Act's midpoint test sits at the end of this row: if Ledger-verified real output is below half of plan while capacity was available, the charter's reauthorization should not pass.

The path

the Act's budget-authority ramp (100, 150, 250, 300, 320) at CBO's spendout rates (20, 30, 25, 15, 10 percent); the money mobilizes about $1.45 trillion of investment by FY2032

Each July 4 the row shows its baseline, this path, the latest official value and a status of ahead, on schedule or behind. As a binding row it also links the decisions by Congress and the Mission Board that moved the number during the year.