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Reid not sold on second stimulus
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07/07/09 11:22 AM ET
There's no evidence yet that a second stimulus package is needed Senate Majority Leader Harry Reid (D-Nev.) said Tuesday.
Reacting to some House Democratic leaders and Obama administration officials who haven't ruled out another plan to bolster the economy, Reid said that there needed to be more patience to spend out what was alloted by the Congress in its $787 billion plan earlier this year.
"As far as I'm concerned, there's no showing to me that another stimulus is needed," Reid said after caucus luncheons today.
"Just slightly over 10 percent of the stimulus money has been given out for the places that go," he said. "So a little less than 90 percent still needs to be put out to the American people, and we're in the process of doing that."
House Majority Leader Steny Hoyer (D-Md.) said Tuesday that he's "open" to a second stimulus package, but that it's too soon to say whether it's needed.
"As Bernanke said, the crops have been planted, the shoots are now appearing above the ground," Reid added.
Reacting to some House Democratic leaders and Obama administration officials who haven't ruled out another plan to bolster the economy, Reid said that there needed to be more patience to spend out what was alloted by the Congress in its $787 billion plan earlier this year.
"As far as I'm concerned, there's no showing to me that another stimulus is needed," Reid said after caucus luncheons today.
"Just slightly over 10 percent of the stimulus money has been given out for the places that go," he said. "So a little less than 90 percent still needs to be put out to the American people, and we're in the process of doing that."
House Majority Leader Steny Hoyer (D-Md.) said Tuesday that he's "open" to a second stimulus package, but that it's too soon to say whether it's needed.
"As Bernanke said, the crops have been planted, the shoots are now appearing above the ground," Reid added.
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