Late last week, Congressional Democrats put their plans for another economic stimulus package on hold until after President-elect Obama is sworn into office in January. In the near term, they’ll focus instead on a $6B expansion of unemployment benefits as well as a possible $25B bailout of the auto industry.
According to Senate Majority Leader Harry Reid, the larger plan was slated to include unemployment benefits, auto industry help, aid to states and a large increase in infrastructure spending. The total package would have cost $61B to $150B. There was no mention of a second stimulus check.