Axelrod doesn't rule out second stimulus package

The Obama administration has not entirely ruled on the possibility of a second fiscal stimulus package as unemployment rates continue to rise despite improvement in the financial sector that touched off the crisis.

On ABC's "This Week," David Axelrod, the president's top political adviser, said that he would not "prejudge" the need for more stimulus money.

"Most of the stimulus money and recovery money has yet to be spent," Axelrod said. "I'm not going to make any judgment about whether we need more."

On CBS's "Face the Nation," Mississippi Gov. Haley Barbour (R) said that the $787 billion fiscal stimulus package passed earlier this year is "far too expensive." The Obama administration argues that it will save or create 3.5 million jobs over two years.

"I don't think we need to have another multi-hundred billion dollar, trillion dollar spending package," Barbour said. "While this may have some short term positive effect...the real long term effect is very negative on interest rates, inflation and the value of the dollar."