$1-billion-a-day figure estimating the costs of the Port of Los Angeles/Port of Long Beach strike was trotted out quickly and promoted widely, because it's attention-getting. And possibly, because it serves certain political objectives. But it's not accurate.
If Congress gets smart, goes back into negotiations immediately and comes up with a credible plan to implement budget savings of more than $4 trillion over the next 10 years, the world will have renewed faith in the its largest economy.
A glass of champagne being forced into hand and fistfuls of dollar notes - albeit fakes - everywhere I turn, you'd think that I was well on my way to ...
Fortunately the federal government is nowhere near budgeting a quadrillion dollars, but $3.8 trillion is no chump change. Just how much is a trillion dollars? Here are some comparisons.
WASHINGTON -- As President Barack Obama weighs major shifts in strategy in the deteriorating mission in Afghanistan, the Senate on Tuesday passed a bi...