WASHINGTON (AP) -- Two of President-elect Barack Obama's top economic advisers say the U.S. needs a substantial economic stimulus package to avoid a deep recession.
Former Treasury Secretary Larry Summers, who could get the same job under Obama, says the current economic crisis calls for a package big enough to resonate for a period of two to three years.
Robert Rubin, another Treasury secretary under Bill Clinton, agrees.
The comments came at a business conference also attended by current Treasury Secretary Henry Paulson. Summers stressed the views expressed were only his own, and not necessarily shared by Obama.
Summers wouldn't offer his own estimate of how big the package should be, but noted economists at Goldman Sachs are suggesting $500 billion to $700 billion.
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