"The family planning services reduce cost," Pelosi said. "One of the elements of this package is assistance to the states. The states are in terrible fiscal budget crises now and part of what we do for children's health, education and some of those elements are to help the states meet their financial needs. One of those -- one of the initiatives you mentioned, the contraception, will reduce costs to the states and to the federal government."
Pelosi said she has "no apologies" for the spending.
"We have to deal with the consequences of the downturn in our economy," she said. "What the economists have told us from right to left. There is more bang for the buck, a term they use, by investing in food stamps and in unemployment insurance than in any tax cut. Nonetheless, we are committed to the tax cuts because they do have a positive impact on the economy, even though not as big as the investments."
Pelosi told Stephanopoulos that the American taxpayers should have a stake in the banks that have received billions from the government.
"If we are going to put money into the banks, we certainly want equity for the American people. In other words, if we are strengthening them, then the American people should get some of the upside of that strengthening," Pelosi said.
She was hesitant, however, to use the term "nationalization."
"Some people call that nationalization. I'm not talking about total ownership ... would we have ever thought we would see the day when we'd be using that terminology? Nationalization of the banks," she said.
"You see the impact it has on the stock market. Just terrible in terms of the bank stocks going down. Because if you're a shareholder and you see what would be a dilution of your investment because now the federal government -- if we're putting -- if the taxpayer is putting money up, the taxpayer should have equity," she said.
Pelosi also said she is open to Obama's request for billions more from Congress to direct to the banks, but argued there has to be accountability for the first $350 billion in TARP money.
"I'm open to resolving the financial crisis in our country," Pelosi said. "Whatever we have to do will have to be clearly explained to Congress and to the American people as to what the purpose of the money is, why it is urgent, and then accountability for it as it is distributed. If they come back, there's going to have to be a justification because people will be very, very disappointed in how this money was dealt with at first."
Responding to the president's executive order this week to close the detention camp at Guantanamo, Cuba, Pelosi, the longest serving member on the Intelligence Committee, suggested detainees be sent to their home country or a third country.
"I don't even know that that is a possibility. If a detainee -- using the standards that the president is putting forth, reviewing why they are there, how they got there in the first place, I think there is -- I know that there is provision for sending them home or to another country," she said. "There are all kinds of options. But I think you have to take the first step to say, 'Who are these people? Why are they here? Should they be freed and sent home? Should they be prosecuted? Do we not have enough evidence to prosecute them? And in what courts are they prosecuted, a military court, a civilian court?'