U.S. Will Invest $250B to Bail Out Banks

Asked whether the new proposal would include rebate checks such as the deal passed earlier this year, Pelosi said, "We have done that. There's some discussion as to how effective it was, how much bang for the buck. But certainly they would be in the mix of consideration. … But first we want some of the issues that were not dealt with in the last package, because we want this to truly be a recovery package."

"The economy recovery plan won't turn our economy around instantly, obviously," said Maryland Democrat Steny Hoyer. "However, I am still confident that the financial recovery program will unfreeze our credit markets, protect families' homes and help millions of workers keep their jobs. That is our objective. To get our economy back to health, Congress needs to consider further legislation to create jobs and help families in need."

The Associated Press, ABC News' Charlie Herman, Alice Gomstyn and Zunaira Zaki contributed to this report.

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