Another Economic Stimulus Package In The Works?

By: Associated Press
By: Associated Press

President Bush is said to be open to another economic stimulus package, but spokeswoman Dana Perino says the president wants to see the details, because the administration believes some of the ideas being proposed wouldn't really do much.

Perino says the administration has concerns that what has been
put forward so far by Democratic leaders in Congress would not
actually stimulate the economy.

Earlier, Federal Reserve Chairman Ben Bernanke said a new round
of government stimulus is a good idea, with an economy that could
remain weak for some time.

He tells the House Budget Committee the economy will "likely" stay weak for several quarters.

His testimony marks his first endorsement of another round of stimulus, which Democrats on Capitol Hill have been advocating.


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