News reports a new stimulus package may be introduced in the comming weeks. The Fed Secretary has stated it needed to be a substantial one in order to jump start the sluggish economy. Report says 150 billion but I think it will be substantially larger.
They may attempt to do it before thge end of the year as the economy needs immediate relief from the stress of the financial crisis.
Democrats in Congress are also pushing efforts to assemble a second economic stimulus program that could total $150 billion or more. On Monday, Fed Chairman Ben Bernanke said a "significant" stimulus package is appropriate. The White House has yet to endorse the idea, but has said President Bush was at least willing to consider a second stimulus measure.
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jbasser
News reports a new stimulus package may be introduced in the comming weeks. The Fed Secretary has stated it needed to be a substantial one in order to jump start the sluggish economy. Report says 150 billion but I think it will be substantially larger.
They may attempt to do it before thge end of the year as the economy needs immediate relief from the stress of the financial crisis.
Democrats in Congress are also pushing efforts to assemble a second economic stimulus program that could total $150 billion or more. On Monday, Fed Chairman Ben Bernanke said a "significant" stimulus package is appropriate. The White House has yet to endorse the idea, but has said President Bush was at least willing to consider a second stimulus measure.
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