Two days after arriving in Martha’s Vineyard, President Barack Obama is taking a break from his vacation to make some news: he will announce that he is nominating Ben Bernanke to a second term as chairman of the Federal Reserve.
Tales from the Trail
After the Obama team’s big announcement on health care and an even bigger deficit, now comes the hard part — actually sitting down and figuring out how much it’s going to cost, and how to make it cost less. President Barack Obama’s first public appearance today is a round-table discussion with business leaders on cutting employer health care costs.
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.