Second Stimulus: Laura Tyson, Obama Adviser, Says Economy Needs Boost

Obama Adviser Says Second Stimulus Needed2

July 7 (Bloomberg) -- The U.S. should consider drafting a second stimulus package focusing on infrastructure projects because the $787 billion approved in February was "a bit too small" said Laura Tyson, an adviser to President Barack Obama.

"The current plan will have a positive effect, but the real economy is a sicker patient," Tyson said in a speech in Singapore today. The package will have a more pronounced impact in the third and fourth quarters, she added, stressing that she was speaking for herself and not the administration.

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