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No Second Stimulus in the Works, Says OMB

6 years ago
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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

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