Chuck Schumer (D) wants to double the size of the financial bailout package. For those of you keeping score at home, that's 1.4 trillion
WASHINGTON (Reuters) - An influential U.S. Senate Democrat said on Sunday a large economic stimulus package of up to $700 billion was needed to lift the American economy out of its current downturn.
Sen. Charles Schumer, a New York Democrat who is part of the majority leadership team in the Senate, told ABC's "This Week" that an economic recovery package between $500 billion and $700 billion is needed and could be ready by the time President-elect Barack Obama takes office on January 20.
"In my view it has to be between five and seven hundred billion dollars," Schumer said.