Pelosi says another economic stimulus needed

U.S. House Speaker Nancy Pelosi (D-CA) is flanked by former Securities and Exchange Commission Arthur Levitt (L), and Joseph Stiglitz of Columbia University (R) at a forum with economic experts to help Congress develop an economic recovery plan that focuses on creating jobs and strengthening our economy in her office on Capitol Hill in Washington, October 13, 2008.

WASHINGTON (Reuters) - Speaker of the U.S. House of Representatives Nancy Pelosi said on Monday the ailing U.S. economy needs a second stimulus package.

Flanked by fellow House Democratic leaders, Pelosi brushed aside objections by President George W. Bush and told a Capitol Hill news conference that hearings would be held to determine the size and shape of such a package.

Democrats have discussed a package of about $150 billion with construction projects and aide to states and the poor. A $168 billion stimulus package was enacted into law earlier this year.

(Reporting by Thomas Ferraro; editing by Mohammad Zargham)