White House: No second stimulus being considered [View All]

[mike r]

Source: Reuters

The White House stressed on Thursday that no second economic stimulus package is being considered as part of new measures under review by President Barack Obama's team.

Obama said on Monday he and his advisers are discussing further tax cuts for businesses to help create jobs, as well as an extension of tax cuts for the middle class, rebuilding U.S. infrastructure and increasing investments in clean energy and research and development.

The Washington Post reported on Thursday that the business tax cuts could be potentially worth hundreds of billions of dollars.

"There have been a lot of reports and rumors on different options being considered -- many of which are incorrect," said White House spokeswoman Amy Brundage. "The options under consideration build on measures the president has previously proposed, and we are not considering a second stimulus package. The president and his team are discussing several options, as they have been for months, and no final decisions have been made," she said.

Read more: http://www.reuters.com/article/idUSTRE67O4WF20100902