WASHINGTON – House Majority Leader Steny Hoyer (MD) released the following statement today in response to a new report by the non-partisan Congressional Budget Office regarding a possible economic stimulus package:
“The report released by the Congressional Budget Office today is further evidence that any economic stimulus must be timely, targeted and temporary if it is going to be effective.
“While Congress should respond to continued projections of a sluggish economy that may even fall into recession, it is also critical that any stimulus not do more harm than good. Therefore, President Bush and Congress should be careful that any package we may craft is fiscally responsible.
“We hope to work with President Bush and Congressional Republicans in a bipartisan, responsible and effective way to address the slowing economy.”