Jones On More Economic Stimulus Checks

By: Christine Kennedy
By: Christine Kennedy

To help the ailing economy, there's talk of another economic stimulus package.

Federal Reserve Chairman Ben Bernanke testified before the house budget committee in Washington Monday and said the 700 billion dollar financial rescue package will be good for both Wall Street and Main Street. He also says congress should consider another injection of financial stimulus. Monday we spoke to third district Republican Congressmen Walter Jones who voted against the bailout bill..

Committee members noted that last summer's stimulus checks led to a flurry of consumer spending, but it was short-lived. Bernanke said relieving the clog on credit will have wide-ranging benefits.

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