Obama economist: US should consider second stimulus package


The U.S. recession has created a big hole, and it's going to take a great deal of capital from a variety of sources to fill it, most economists agree.

The GDP hole is so big it may require a second fiscal stimulus package, says Laura Tyson, a member of President Obama's Economic Advisory Panel, the Agence France-Presse reported Tuesday.

Speaking in Singapore, Tyson said the current, $787 billion fiscal stimulus package "will have a positive effect, but the real economy is a sicker patient," Bloomberg News reported Tuesday. Tyson added the current stimulus package was "a bit too small."