Tales from the Trail

First draft: Wall Street CEOs, Geithner head to Hill for grilling

February 11, 2009

When Treasury Secretary Timothy Geithner made his long-awaited speech on Tuesday to unveil the administration’s bank rescue plan, the stock market tanked. Traders said the nearly five percent drop was caused by a lack of specifics in Geithner’s announcement that the government would spend up to $2 trillion to mop up bad bank assets and revive lending.USA/

Treasury’s guide on how to spend 12 zeros after the 1

February 10, 2009

A trillion dollars is a million million dollars or 12 zeros after the one.

And that’s how much apparently every program costs to save the U.S. economy these days.

The First Draft: The first day

January 21, 2009

The inauguration celebrations are over and the clean up begins as Barack Obama prepares for his first full day of work. OBAMA/