Pelosi says another economic stimulus needed

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)