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Economy

Democrats Warn Stimulus Package Needs Time

One day after President-elect Barack Obama urged quick passage of his economic stimulus plan, top Democrats are signaling that the package won't be ready in time for inauguration.

Senate Majority Leader Harry Reid says lawmakers will move as quickly as possible on the stimulus package, which is expected to cost around $775 billion. But he declines to predict when the measure might be ready to be signed into law.

House Majority Leader Steny Hoyer (D-MD) is more blunt. He told Fox News Sunday that the plan won't be ready in time for Obama's inauguration.

Hoyer says he hopes the measure can pass the House and get to the Senate by the end of this month, making it ready for the president's signature by the time lawmakers take their February break.

Republicans have stressed that they'd like more time to review the package, and House Minority Leader John Boehner has called for public hearings.

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