Pelosi Raises Idea Of $150 Billion Stimulus Bill

By: Associated Press Email
By: Associated Press Email

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House Speaker Nancy Pelosi says a second economic stimulus plan is needed now because of the faltering economy and she puts the price at $150 billion.

The House did pass a $61 billion economic aid proposal last month before lawmakers left Capitol Hill ahead of the Nov. 4 election. But a similar plan failed to pass the Senate.

Pelosi, D-Calif., says the economy is weakening and more help probably is needed. But President Bush has promised a veto.

The Senate is expected to be back at work after Election Day to complete a public lands bill and other matters. The House also could return to consider a stimulus plan and additional issues.

The first economic plan this year cost $168 billion and sent tax rebate checks to most individuals and couples and awarded tax breaks to businesses.


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