Dems Happy With Bernanke Support For Idea Of Another Stimulus

By: Associated Press Email
By: Associated Press Email
Leading congressional democrats are very pleased that Fed Chairman Ben Bernanke is backing the idea of another stimulus package.

Federal Reserve Chairman Ben Bernanke, right, accompanied by Treasury Secretary Henry Paulson, testifies on Capitol Hill in Washington, Tuesday, Sept. 23, 2008, before the Senate Banking Committee hearing on the credit market turmoil. (AP Photo/Susan Walsh)

Washington (AP) Leading congressional democrats are very pleased that Fed Chairman Ben Bernanke is backing the idea of another stimulus package.

Bernanke didn't put a dollar figure on how big the package should be but told lawmakers yesterday that “it should be significant.” he didn't back any specific plan.

House speaker Nancy Pelosi says the comments make clear a stimulus package is critical to get the economy going again.

Senator Charles Schumer, the chairman of the joint economic committee, believes congress will return after the election to try to get one done, though Pelosi said last week she thinks there's little likelihood of striking a deal.


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