Student or Learner
Would you be kind enough to tell me if I am right with my interpretation of the expression in bold in the following excerpt from an NYT’s article?
“The pace of retrenchment has prompted talk that another wave of government stimulus spending may be needed to accompany the $787 billion already in the pipeline.”
in the pipeline = under way, budgeted for something but not yet spent
Thank you for your efforts.
As far as the US Government Treasury is concerned, the money is budgeted for something but not yet sent. It's 'in the pipeline' running from Government coffers, to the those to whom it was pledged.
in the pipeline: awaiting completion or processing; being developed