Schumer advocates $700 billion plan

Klaus Marre
The Hill
excerpt-

Sen. Charles Schumer (D-N.Y.) on Sunday said an economic recovery plan would have to cost $500 to $700 billion in order to be effective.

Noting that the economy is in “serious, serious trouble,” Schumer said on ABC’s “This Week with George Stephanopoulos” that a recovery plan would need to be “pretty big.”
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Schumer said his vision of the economic stimulus is “a little like having a new New Deal, but you do it before a depression occurs, not after.”