Dow
     -74.92
12454.83
-0.60%
 |
S&P 500
     -2.86
1317.82
-0.22%
 |
Wil 5K
     -24.33
13673.51
-0.18%
 |
Nasdaq
     -1.85
2837.53
-0.07%
 |
EAFE
     -0.17
48.10
-0.35%
 |
OPEC Oil
     -0.67
103.49
-0.64%
 |
10Y Yield
     +0.02
1.79
+0.98%
July 9, 2009 3:13 PM

Is Economic Stimulus Two Necessary?

By
Jill Schlesinger
Last weekend, Vice President Biden didn't rule out a second government stimulus package. Today, Warren Buffett said a second stimulus package "may well be called for." On the other hand, "just eight of 51 economists in The Wall Street Journal's latest forecasting survey said more stimulus is necessary."

So which is it? With a public exceedingly concerned about both burgeoning national debt levels and an economy mired in a deep recession, the answer to the question is not entirely clear at this juncture.

Last night, I made my first appearance on "The CBS Evening News with Katie Couric" to comment. The interview comes at about 2:15, after Nancy Cordes' excellent story.

Watch CBS Videos Online
© 2009 CBS Interactive Inc.. All Rights Reserved.
  • Jill Schlesinger

    >> View all articles

    Jill Schlesinger, CFP®, is the Editor-at-Large for CBS MoneyWatch. She covers the economy, markets, investing or anything else with a dollar sign. Prior to the launch of MoneyWatch in 2009, Jill was the chief investment officer for an independent investment advisory firm. In her infancy, she was an options trader on the Commodities Exchange of New York.

Add A Comment +
Scroll Left
Scroll Right More »
CBS This Morning now on iPad & iPhone! GET THE FREE APP
CBS News on Facebook

  • CBS This Morning iPad App

    Enjoy CBS This Morning all day long! Get instant access to original news stories, videos and interviews from Gayle King, Erica Hill and more.