• Most Popular
  • Most Shared

White House open to idea of 2nd stimulus package

ABOARD AIR FORCE ONE
Mon Oct 20, 2008 6:57pm EDT

ABOARD AIR FORCE ONE (Reuters) - The White House said on Monday it remained open to the idea of a second economic stimulus package but its willingness to accept a new plan would depend on details put forth by the Democratic-led Congress.

"We'll remain open to the idea and then we'll just have to see when Congress gets back, if they decide to move forward, what sort of package they want to draft into legislation ... and see if it actually would stimulate the economy," White House spokeswoman Dana Perino said aboard Air Force One with President George W. Bush headed to Louisiana.

U.S. Federal Reserve Chairman Ben Bernanke told Congress on Monday another wave of government spending may be needed to boost the struggling economy.

Perino said Bush, who so far has resisted Democratic proposals for a second package, would weigh advice from all of his economic advisers, noting that "obviously Ben Bernanke is a key one."

(Reporting by Tabassum Zakaria, writing by Matt Spetalnick)



More from Reuters

Photo

Pay czar caps more salaries at bailed out firms

WASHINGTON/NEW YORK (Reuters) - The U.S. pay czar on Friday expanded a crackdown on pay packages at four companies rescued with taxpayer money, limiting most cash salaries at $500,000 for a second tier of top earners.

A model gets prepared backstage ahead of a wedding dress show at China Fashion Week in Beijing
Fashion & Style:

Flowers, church, liposuction?

Brides and grooms are opting for cosmetic surgery and other procedures, supplementing veils and cummerbunds with Botox and liposuction. Women say they want to look good for photos, but men are a different story.  Full Article 

Sam Worthington and Zoe Saldana as her digital character Neytiri in a scene from "Avatar". Credit: REUTERS/Twentieth Century Fox/Handout

Will Cameron change Hollywood again?

Beyond the hype and buzz, James Cameron's $400 million "Avatar," one of the most expensive films ever made, is being closely watched for its impact on the future of movies.  Full Article