Paulson Defends Economy Bailout Efforts

Instead, tonight he called for a "speedy, substantial, and sustained" stimulative package. He said stimulus might be needed for two to three years, but declined to say how large it would need to be to be effective.

Summers said stimulus should be tied to infrastructure development, renewable energy investment, and health care reform. He again declined to prescribe specific programs or how much they should cost. He argued that tax cuts should be part of the equation, but should come after more simulative measures are enacted to prompt short-term growth.