WASHINGTON — A stimulus package being drafted to boost the sluggish economy does not need to target the beleaguered housing sector to be effective, Congressional Budget Office director Peter R. Orszag yesterday told members of the Senate Finance Committee.

“To be effective, fiscal stimulus need not target the source of economic weakness,” Orszag said. “The housing market clearly is one of the major forces leading to this period of economic weakness, but that does not then mean that effective fiscal stimulus has to target that sector.”

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