Pelosi seeks $50 billion stimulus package

Published: July 18, 2008 at 11:02 AM
Order reprints
Speaker of the House Nancy Pelosi (D-CA) in Washington on July 17, 2008. (UPI Photo/Jack Hohman)
Speaker of the House Nancy Pelosi (D-CA) in Washington on July 17, 2008. (UPI Photo/Jack Hohman) | Enlarge Enlarge
WASHINGTON, July 18 (UPI) -- U.S. House Speaker Nancy Pelosi says she will push for another economic stimulus package of approximately $50 billion.

The California Democrat told CNN she favors that amount as a compromise between spurring the stagnating U.S. economy without forcing the nation deeply into more debt.

"I would hope we could have about a $50 billion -- there are others who want more," she said in a partial transcript released by the Speaker's office. "But I think in the stimulus packages, you have to look at what helps stimulate the economy without spending more money than you should because you weight the economy down by going deeper into debt."

Pelosi has not given a timetable for passage of the stimulus package which she said could include helping states with Medicaid expenses, public works spending, food stamps, low-income heating assistance and tax rebates.


© 2008 United Press International, Inc. All Rights Reserved.



Your Daily Horoscope (52 min)
The almanac
Panetta: Congress not told of CIA program
Biden goes on the road to defend stimulus
The two-edged sword of online games
Rio Tinto employees face spy charges
Ghana prepared to greet Obama
fark
Photoshop theme: The end of the universe
NY Times thinks their website users would pay five bucks per month. Listen, for the last time, no...
Fewer calories allow monkeys to live longer. Good thing you're not a monkey
"Resident found out it's not OK to shoot raccoons and gerbils...He told police that he and his neighbors...
Thousands homeless after China Quake. Quisp unavailable for comment
Ugly-ass okapi born at Denver Zoo. In fact, "okapi" means "ugly-ass" in Swahili