U.S. May Require a Second Round of Stimulus?
With unemployment soaring, perhaps to more than 10% by yearend, anxiety is growing in Washington over the effectiveness of the $787 billion stimulus bill passed in February. Indeed, some of U.S. President Barack Obama’s advisors have already acknowledged that the administration underestimated the rapid rise in unemployment and that a second stimulus may be needed.Laura Tyson, former chair of the U.S. President’s Council of Economic Advisers during the Clinton Administration and current advi