House Speaker Nancy Pelosi told The Wall Street Journal that she is considering a two-staged effort to boost the shaky U.S. economy, arguing for action now on a $60 billion to $100 billion stimulus package, followed early next year by a companion measure that would include a "permanent tax cut." In an interview, Pelosi pointed to weakness in the job market, and urged the White House to work with Congress in the waning days of President Bush's term. She said any measure enacted in a lame-duck session of Congress this month would effectively be a downpayment on additional measures enacted later. "We'll take the longer view as soon as we take over in January."
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