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Pelosi says Congress could back huge stimulus plan

WASHINGTON
Sun Nov 23, 2008 11:32am EST
Speaker of the House Rep. Nancy Pelosi (D-CA) speaks during a news conference in the U.S. Capitol in Washington November 21, 2008. REUTERS/Molly Riley

WASHINGTON (Reuters) - Speaker of the U.S. House of Representatives Nancy Pelosi said on Sunday that Congress could put together an economic stimulus package of several hundred billion dollars that should also contain tax cuts.

Barack Obama

In a recorded interview with CBS' "Face the Nation" that was aired on Sunday, Pelosi, a California Democrat, said the package should be aimed at creating jobs immediately and include investments for future growth. Pelosi said several economists have called for a package in the hundreds of billions of dollars.

When asked if that would be the case for the stimulus package lawmakers are contemplating, Pelosi said: "It could be, if it also contained a tax cut. Something of several hundred billion would have to be some investment into the future, plus creating jobs immediately, and a tax cut." (Reporting by Donna Smith and Randall Mikkelsen; Editing by Doina Chiacu)
Barack Obama


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