Senior International Monetary Fund economist Olivier Blanchard endorsed (WSJ) President-elect Barack Obama’s economic stimulus plan, saying the size of the program “corresponds roughly to what we think is needed.”

Senate Minority Leader Mitch McConnell (R-KY) expressed skepticism (Politico) over the stimulus package on Monday. McConnell said the bill should not be passed without “appropriate hearings to scrutinize how tax dollars are being spent.”