A day after President Barack Obama acknowledged he was exploring "additional options to promote job creation,” Washington opinion leaders and policy makers on Sunday cautioned against a new stimulus package, urging more targeted steps to ease mounting unemployment.

Former Federal Reserve Chairman Alan Greenspan and Sens. Chuck Schumer (D-N.Y.) , John Cornyn (R-Texas), Barbara Boxer (D-Calif.) and Jon Kyl (R-Ariz.) in appearances on Sunday shows all rejected or brushed aside suggestions of another stimulus, with Greenspan and Cornyn questioning whether Obama’s first stimulus was proving effective...