We Need 2nd Stimulus Bill: Pelosi

Struggling economy requires a $150 billion plug, Speaker says
By Newser Editors and Wire Services
Posted Oct 8, 2008 2:45 PM CDT
Speaker of the House Rep. Nancy Pelosi, D-Calif., says we need a second stimulus bill to help the weakening economy.   (AP Photo/Pablo Martinez Monsivais)
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(Newser) – 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. President Bush, however, has promised a veto. The House passed a $61 billion economic aid proposal last month before lawmakers left Capitol Hill ahead of the election, but a similar plan failed to pass the Senate.

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.