Pelosi Open to Second Stimulus

Jet Setter

Lets Throw another couple hundred billion on the fire

WASHINGTON (CNN) -- House Speaker Nancy Pelosi said Tuesday that another stimulus package might be needed to help the ailing economy.

Pelosi, whose comments followed a meeting with several economists, said the measures already taken by the Obama administration are helping to restore confidence in the shaky financial markets.

But "we have to keep the door open and see how this goes," the California Democrat added.

House Appropriations Committee Chairman David Obey of Wisconsin said on Tuesday night he's already instructed his staff to start drafting a second stimulus proposal. Obey said his staff is preparing the outline of a stimulus bill but he cautioned there is no timeline to move on it.

One of the economists in the meeting with Pelosi and other Democrats, Mark Zandi with Moody's Economy.com, said more taxpayer money would likely be needed to bolster the economy.