Tales from the Trail

The First Draft: Bernanke, budget trump vacation – for a bit

August 25, 2009

OBAMA/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.

Republicans seek economic wisdom from Greenspan

July 14, 2009

Alan Greenspan may have retired as chairman of the Federal Reserve, but his insight is still in hot demand, so much so that Senate Republicans invited him to be their guest speaker at their weekly policy lunch.

The First Draft: Green shoots and budget talk

May 12, 2009

USA-OBAMA/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.

Good Friday: Obama discusses economy

April 10, 2009

It’s Good Friday and U.S. financial markets are closed, but the government is open for business.

First Draft: White House “victory garden”

March 20, 2009

USA/Spring blew into Washington this morning and the signs are everywhere: the cherry blossoms are starting to come out, magnolia trees are budding and at the White House, workers are digging up the lawn.

Fed staff in trouble, but cited for raise, too

February 25, 2009

USA/It’s not just U.S. stocks that are on a roller coaster ride in reaction to congressional testimony by Federal Reserve Chairman Ben Bernanke and other top officials.

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.

First Draft: double vision

January 29, 2009

WASHINGTON – Don’t rub your eyes. Despite the early hour, you weren’t seeing things when White House Press Secretary Robert Gibbs somehow managed to be in two places at once.

First draft: House to vote on economic stimulus

January 28, 2009

President Barack Obama faces his first big political challenge as the House of Representatives is due to vote on a $825 billion package to stem the U.S. recession. 

Obamanomics and the Federal Reserve

August 26, 2008

Barack Obama economic adviser Laura Tyson said at the Democratic National Convention on Monday that U.S. financial regulation needs modernizing, but hedged on how big a role to give the Federal Reserve.