Pelosi Offers to Postpone Congress' Adjournment to Address Economic Crisis [View All]

Source: ABC NEWS

September 18, 2008 6:28 PM

ABC News' George Stephanopoulos reports: In a letter to President Bush, Speaker Nancy Pelosi offered this afternoon to postpone Congress' planned adjournment next Friday, Sept. 26, to address the ongoing financial crisis.

In the letter, Pelosi says she wants to ensure a consistent approach to the "ongoing market turmoil" by developing a bipartisan recovery effort.

The speaker's letter signals that Democrats are prepared to accept the president's plan for Wall Street, but also demands a second stimulus package targeted at Main Street.

Pelosi says such a package must include five components: "Investment in infrastructure for economic growth and job creation here at home, home heating assistance at a time of record energy costs, extended Unemployment Insurance for the growing number of Americans looking for work, Food Stamps that will help ensure we feed hungry families in a time of crisis, and assistance to maintain critical health care coverage jeopardized by state budget cuts."

Pelosi says she wants to "balance accountability to the U.S. taxpayer with protecting American families from the crisis's fallout."

Below is the full text of the letter:

ABC NEWS: http://blogs.abcnews.com/politicalradar/2008/09/stephanopoulo-2.html



Read more: http://blogs.abcnews.com/politicalradar/2008/09/stephanopoulo-2.html