New Stimulus Package for Christmas!
Maybe!
Second Stimulus May Arrive by Christmas
(Nov. 5) - Though it's too soon to say whether Christmas will arrive early in the nation's capital, Barack Obama's victory and an expanded majority in Congress could encourage Democrats to make up a list of economic stimulus measures and check it twice.
House Speaker Nancy Pelosi on Wednesday urged passage of at least $61 billion in new economic stimulus funding this month, but said the future of the legislation requires the cooperation of Republicans in the Senate and President Bush.
House Majority Leader Steny Hoyer told CNBC earlier in the day that 'we need to act sooner than later' on a second stimulus package but didn't commit to it getting done in a lame duck congressional session, which would presumably start in mid- to late-November.
Government spending analysts say the election results now make it more likely a second fiscal stimulus package will be approved in a lame-duck session and that the cost will be closer to the high end of estimates.
'Yes, I think so, because everyone seems to be looking for help,' says Tom Schatz, president of Citizens Against Government Waste, adding, 'People are asking: 'Where's my bailout?''
more
Story
Second Stimulus May Arrive by Christmas
(Nov. 5) - Though it's too soon to say whether Christmas will arrive early in the nation's capital, Barack Obama's victory and an expanded majority in Congress could encourage Democrats to make up a list of economic stimulus measures and check it twice.
House Speaker Nancy Pelosi on Wednesday urged passage of at least $61 billion in new economic stimulus funding this month, but said the future of the legislation requires the cooperation of Republicans in the Senate and President Bush.
House Majority Leader Steny Hoyer told CNBC earlier in the day that 'we need to act sooner than later' on a second stimulus package but didn't commit to it getting done in a lame duck congressional session, which would presumably start in mid- to late-November.
Government spending analysts say the election results now make it more likely a second fiscal stimulus package will be approved in a lame-duck session and that the cost will be closer to the high end of estimates.
'Yes, I think so, because everyone seems to be looking for help,' says Tom Schatz, president of Citizens Against Government Waste, adding, 'People are asking: 'Where's my bailout?''
more
Story
