Skip navigation

Current DateTime: 03:47:21 16 Jul 2009
LinksList Documentid: 24355697
  • Highest Grossing Movies

      What are the highest grossing movies of all time, adjusted for inflation? Click ahead to find out!

  • Most Expensive Places To Live

      Each year, Mercer Consulting assembles its ranking of the most expensive places to live. Mercer compiles information from 143 cities worldwide.

  • Recession-Resistant US Cities

      Some cities have been hit much harder than others during the recession. Here are the metro areas faring the best.

No Discussion of Second Stimulus Plan: White House
By: Reuters | 08 Jul 2009 | 01:03 PM ET
Text Size

U.S. President Barack Obama's administration is not discussing a second stimulus plan, a White House budget official told Congress on Wednesday.

"No one in the administration is talking about a second stimulus at this point," said Robert Nabors, deputy director of the Office of Management and Budget, who is tracking the effects of the economic recovery plan already in effect.

Nabors testified at a House of Representatives hearing on oversight of the $787 billion stimulus plan. "What we are focused on right now is implementing the recovery act that Congress has already passed," he added.

Slideshow: Big Budget Events—Milestones in Government Spending

Nabors was asked about comments made by Laura D'Andrea Tyson, an economist who advised Obama during the 2008 campaign and is a member of his economic advisory panel, on Tuesday that the United States should be planning for a possible second round of fiscal stimulus that focused on infrastructure investment.
Barack Obama
AP

"She's an outside economic advisor. She does not work for the administration," Nabors said.

When he signed the American Recovery and Reinvestment Act into law in February, Obama toted it as key to creating and saving jobs during the longest U.S. recession since the Great Depression of the 1930s. But with the unemployment rate now standing at 9.5 percent, its highest in more than two decades, some are wondering if the various tax and spending measures can accomplish that mission.

House Majority Leader Steny Hoyer said on Tuesday that U.S. leaders should be open to a second stimulus, but Senate Majority Leader Harry Reid, also a Democrat, has said he sees no evidence another recovery package is needed.

Copyright 2009 Reuters. Click for restrictions.
Tools:
Print EmailAdd This share icon


Current DateTime: 01:30:25 16 Jul 2009
LinksList Documentid: 29778428

Current DateTime: 01:04:01 16 Jul 2009
LinksList Documentid: 29779196

Current DateTime: 01:06:00 16 Jul 2009
LinksList Documentid: 29779199

Current DateTime: 01:01:02 16 Jul 2009
LinksList Documentid: 29779198
CNBCCNBC
About CNBC  |  Site Map  |  Privacy Policy  |  Terms of Service  |  Video Reprints  |  Advertise  |  Help  |  Contact
Partners: AOL Money  |  BloggingStocks.com
CNBC is a Division of NBC Universal
  Data is a real-time snapshot *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
Thomson ReutersThomson Reuters