Speaker Nancy Pelosi's (D-CA) has sent President Bush a letter requesting to work with him and Republican Congressional leadership to craft an economic stimulus package that adheres to the three Ts of sound fiscal policy: Timely, Targeted, and Temporary. January 11, 2008 President George W. Bush The White House Washington, D.C. 20500 Dear Mr. President: Millions of Americans share our growing concern about the deteriorating state of the economy and are looking to their elected representatives to quickly provide assistance. Federal Reserve Board Chairman Bernanke warned yesterday that the economy is weakening and that the Federal Reserve Board would take appropriate action. Prominent economists associated with Republican and Democratic Administrations have called on us to supplement monetary policy with an immediate fiscal stimulus. These same economists have stated that the most effective and responsible stimulus policies adhere to three simple principles: they must be timely, targeted and temporary. We want to work with you and the Republican leadership of the Congress to immediately develop a legislative plan based upon these principles so it can be passed and implemented into law without delay. We are requesting a bipartisan meeting of the Congressional Leadership with you as soon as practical following your return from the Middle East so that this discussion can begin and a responsible economic stimulus package finalized. We would strongly urge that this meeting take place before any economic packages are announced by either the Administration or Congressional leaders. We look forward to working together to develop a sound plan that injects demand into the economy, restores consumer confidence and purchasing power, and addresses the severe strains being felt by millions of our fellow Americans. Sincerely, Nancy Pelosi Harry Reid Speaker of the House Senate Majority Leader