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Congress could return later this year for a lame duck session later to consider a new multi-billion dollar stimulus package to help "rebuild America," Speaker of the House Nancy Pelosi said Monday. At a news conference at the US Capitol following an economic forum held by congressional Democrats and economic advisers, Pelosi said House committees would begin a series of hearings to explore a possible a second stimulus package worth around 150 billion dollars.
Pelosi, the top lawmaker in the House, added that if Congress does not rally behind a stimulus package to spur a recovery effort, "we will be losing jobs."
Pelosi, the top lawmaker in the House, added that if Congress does not rally behind a stimulus package to spur a recovery effort, "we will be losing jobs."
But Blunt, the House Minority Whip, added that a package shouldn't be "an excuse to do what Democrats have wanted to do from day one of this Congress, which is a huge public works plan."
Congress, Blunt said, shouldn't be "bailing out states who spent a lot more money than they should have."
House Republicans on Monday objected to any new spending measures in a new stimulus drafted by Democrats.
In a letter to Pelosi, top Republican lawmaker John Boehner described the package as "an irresponsible, business-as-usual approach that has earned this Congress the lowest approval ratings ever recorded."
Boehner wrote: "Nothing being discussed will ease the uncompetitive nature of our nation's tax rates."
"Nothing being discussed will bring a single dollar of private capital into our markets, which would help stabilize and restore American families' savings and retirement accounts."
"And nothing being discussed will help small businesses compete and thrive."