Hot on HuffPost:

See More Stories

No Second Stimulus in the Works, Says OMB

4 years ago
  0 Comments Say Something  »
Text Size
During an exchange with Rep. Dan Burton (R-Ind.), Deputy Director of the Office of Management and Budget Rob Nabors denied Wednesday that the Obama administration is considering a second round of stimulus funding, as was suggested by an Obama adviser this week.

At a hearing of the House Oversight Committee examining expenditures thus far from the $787 billion stimulus package passed by Congress in February, Burton alluded to a second round of funding during a question-and-answer period with witnesses.

Nabors interjected, "No one in the administration is talking about a second stimulus at this point."

Burton responded that Laura Tyson, an Obama adviser, was quoted as saying that additional government stimulus money is needed to jump-start the economy, but Nabors said quickly: "Laura Tyson does not work for the administration. She is an outside economic adviser. She does not work in the administration."

At a speech in Singapore this week, Tyson called the $787 billion package "a bit too small" and said that although the funds will have a positive effect, "the real economy is a sicker patient." She is a member of Obama's Economic Recovery Board but not a paid White House staff member.

Nabors testified earlier that of the stimulus funds, less than one-tenth, $57 billion, has been spent, and less than a quarter has been allocated.
Filed Under: The Capitolist

Our New Approach to Comments

In an effort to encourage the same level of civil dialogue among Politics Daily’s readers that we expect of our writers – a “civilogue,” to use the term coined by PD’s Jeffrey Weiss – we are requiring commenters to use their AOL or AIM screen names to submit a comment, and we are reading all comments before publishing them. Personal attacks (on writers, other readers, Nancy Pelosi, George W. Bush, or anyone at all) and comments that are not productive additions to the conversation will not be published, period, to make room for a discussion among those with ideas to kick around. Please read our Help and Feedback section for more info.

Add a Comment

*0 / 3000 Character Maximum Comment Moderation Enabled. Your comment will appear after it is cleared by an editor.

Follow Politics Daily

  • Comics
robert-and-donna-trussell
CHAOS THEORY
Featuring political comics by Robert and Donna TrussellMore>>
  • Woman UP Video
politics daily videos
Weekly Videos
Woman Up, Politics Daily's Online Sunday ShowMore»
politics daily videos
TV Appearances
Showcasing appearances by Politics Daily staff and contributors.More>>