Send news tip to FOXNews.com

SUBMIT

Congress Considers Second Economic Stimulus Package

Wednesday, July 23, 2008

WASHINGTON —  Congress is considering a second economic stimulus package that could include $15 billion in infrastructure spending, a senior member of the House told Reuters on Tuesday.

Rep. James Oberstar, a Minnesota Democrat who chairs the Transportation and Infrastructure Committee, said a stimulus package could include "accelerating" payouts of $9.5 billion from the federal trust fund assigned to road construction and maintenance.

"You can have 700,000 people working in three months. We should have done it this spring," Oberstar told Reuters in an interview.

If approved, the funding would go to more than 2,600 projects, he said. States would receive full federal funding and then have a few years to pay back any matching funds.

Oberstar gave a list of spending possibilities to House Speaker Nancy Pelosi last week, who "likes the idea."

Democrats are considering supporting another economic stimulus measure to revive the economy after Congress approved a $152 billion measure in February, which taxpayers received in the form of checks during the spring and early summer.

The timing of a second stimulus bill remains up in the air.

President Bush has said he wants to see how effective the first stimulus package is before lending his support to another one.

Click to read more from Reuters

Fox News Video
ADVERTISEMENT

Republican Presidential Nomination

RCP Average: McCain +30.4%

  • McCain
  • 56.7%  
  • Huckabee
  • 26.3%  
  • Paul
  • 6.5%  

Democratic Presidential Nomination

RCP Average: Obama +12.2%

  • Obama
  • 52.8%  
  • Clinton
  • 40.6%  

President Bush Job Approval

RCP Average: Spread -35.4%

  • Approve
  • 30.4%  
  • Disapprove
  • 65.8%  

Congressional Job Approval

RCP Average: Spread -56.0%

  • Approve
  • 17.8%  
  • Disapprove
  • 73.8%  

ADVERTISEMENT

ONLY ON FOX

Advertise on FOXNews.com ,FOX News Channel , and FOX News Radio Jobs at FOX News Channel. Internships At Fox News (Deadline for summer applications: Feb. 29, 2008)

Terms of use. Privacy Statement. For FOXNews.com comments write to foxnewsonline@foxnews.com; For FOX News Channel comments write to yourcomments@foxnews.com

This material may not be published, broadcast, rewritten, or redistributed. © 2008 FOX News Network, LLC. All rights reserved. All market data delayed 20 minutes.