Ben Bernanke Will Have Another Four Years To Cope With Massive Deficits

Let's talk money: Everything's going crazy! The White House today announced that "U.S. unemployment would be higher and the budget deficit larger than previously thought," to the tune of $9 trillion, or $2 trillion more than previous estimates. The new numbers are in line with earlier estimates by the Congressional Budget Office, which will give its own revised figures later today. Meanwhile, President Obama indicated that he will give Ben Bernanke another term as Chairman of the Federal Reserve, because he wants to keep intact the team that saved us from another depression and the last thing he needs right now is a tough confirmation battle.
