• Most Popular
  • Most Shared

Pelosi says another economic stimulus needed

WASHINGTON
Mon Oct 13, 2008 1:36pm EDT

Related News
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. REUTERS/Hyungwon Kang

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.

Barack Obama  |  Economy

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)
Barack Obama
Economy


More from Reuters

Joint Terminal Attack Controller SSgt Clinton J. Herbison, a U.S. Airman from the 817 Expeditionary Air Support Operations Squadron (EASOS) takes a break during a night mission near Honaker Miracle camp at the Pesh valley of Kunar Province August 12, 2009. Credit: REUTERS/Carlos Barria

Pictures of the Year

A look at the best photos of 2009.  Slideshow 

    PICTURES
    The Dalai Lama jokes with a nasal spray after being asked his opinion on the swine flu during a press conference after his first lecture in Lausanne, Switzerland, August 4, 2009. REUTERS/ Valentin Flauraud

    What a wacky year it's been...

    Um, what's up the Dalai Lama's nose? "Oddly Enough" editor Bob Basler rounds up the goofiest photos of the year.  Full Article 

    Oddly Enough
    A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
    Political Risk in 2010:

    Don't say we didn't warn you

    With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article 

    Global Markets