Political Capital

Singer Joins Griffin As Billionaires Funding Christie’s RGA

Chris Christie, governor of New Jersey, during a town hall meeting in Belmar, New Jersey, on March 25, 2014.

Photograph by Emile Wamsteker/Bloomberg

Chris Christie, governor of New Jersey, during a town hall meeting in Belmar, New Jersey, on March 25, 2014.

Billionaires Paul Singer, Bruce Kovner and Ken Griffin are among this year’s top donors to the Republican Governors Association, a political group led by New Jersey Gov. Chris Christie. Singer, founder of New York-based investment firm Elliott Management, and Kovner, founder...

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Detroit Emergency Manager Kevyn Orr's spokesman Bill Nowling speaks to reporters outside of the Theodore Levin U.S. Courthouse in Detroit on July 24, 2013.

Photograph by Jeff Kowalsky/Bloomberg

Detroit Emergency Manager Kevyn Orr's spokesman Bill Nowling speaks to reporters outside of the Theodore Levin U.S. Courthouse in Detroit on July 24, 2013.

Detroit’s ‘Pennybags’ Idol of People?

The situation in Detroit has been serious for quite some time, at the very least since the city filed a record U.S. municipal bankruptcy in July. So after Emergency Manager Kevyn Orr finally reached a settlement with some bondholders last...

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Don Beyer talks with his campaign aides after a Mt. Vernon District Democratic candidate forum to replace retiring US Rep. Jim Moran in Alexandria, Va. on April 12, 2014.

Photograph by J. Lawler Duggan/for The Washington Post via Getty Images

Don Beyer talks with his campaign aides after a Mt. Vernon District Democratic candidate forum to replace retiring US Rep. Jim Moran in Alexandria, Va. on April 12, 2014.

Don Beyer: Obamacare, Howard Dean and Volvos

All the Democrats are running from Obamacare, right? Not Don Beyer, a Democrat seeking the seat of retiring Virginia congressman Jim Moran, who has served for two-and-a-half decades. “Republicans are working to undermine Obamacare,” reads the headline on the colorful...

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Seasonal worker Steven Flagg, dressed in a Statue of Liberty costume, holds a sign for a nearby Liberty Tax Service franchise location in Louisville, Kentucky, on April 12, 2014.

Photograph by Luke Sharrett/Bloomberg

Seasonal worker Steven Flagg, dressed in a Statue of Liberty costume, holds a sign for a nearby Liberty Tax Service franchise location in Louisville, Kentucky, on April 12, 2014.

Bloomberg by the Numbers: $1,259

    Each U.S. taxpayer would have to pay $1,259 on average to recoup revenue lost to corporations and individuals who use offshore tax havens.  ”The United States loses approximately $184 billion in federal and state revenue each year due...

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Customers check out at a Costco Wholesale Corp. store in San Francisco

Photograph by David Paul Morris/Bloomberg

Customers check out at a Costco Wholesale Corp. store in San Francisco

Good News for Fed, Less So For Average Joe

Federal Reserve policy makers may be breathing a tad easier today after the Bureau of Labor Statistics’ consumer price report showed diminishing odds of deflation. Higher costs for food and rent helped boost consumer prices 0.2 percent in March, the...

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Richard Trumka, president of the AFL-CIO, during an interview in Washington, D.C., on March 11, 2014

Photograph by Andrew Harrer/Bloomberg

Richard Trumka, president of the AFL-CIO, during an interview in Washington, D.C., on March 11, 2014

U.S. CEOs Made 331 Times Average Worker, Says AFL-CIO

April 15 is known across America as a day of reckoning, when many workers must fork over unpaid taxes. AFL-CIO President Richard Trumka says that for corporate executives, tax day “represents making massive sums of money from the sacrifice of others.”...

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President Barack Obama sits behind his desk after addressing the nation from the Oval Office of the White House

Photograph by Brendan Smialowski/Getty Images

President Barack Obama sits behind his desk after addressing the nation from the Oval Office of the White House

Obama Gives Clemency to Correct a Typo

The scales of justices turned out to be in error for Ceasar Huerta Cantu, and President Barack Obama intervened today to make a correction. Cantu, of Katy, Texas, pleaded guilty in 2006 to conspiracy to possess with intent to distribute marijuana...

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Copies of the Fiscal Year 2014 Budget at the U.S. Government Printing Office in Washington, D.C.

Photograph by Andrew Harrer/Bloomberg

Copies of the Fiscal Year 2014 Budget at the U.S. Government Printing Office in Washington, D.C.

Bloomberg by the Numbers: 2.8%

    The federal budget deficit will be 2.8 percent of gross domestic product this fiscal year, according to a Congressional Budget Office projection.  That would mark a decline in the deficit from 4.1 percent of the economy in fiscal...

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The Fisker Karma's solar roof, made by Quantum Fuel Systems Technologies Worldwide, Inc., along with Asola of Germany during the Los Angeles Auto show on Nov. 29, 2012.

Photograph by Kevork Djansezian/Getty Images

The Fisker Karma's solar roof, made by Quantum Fuel Systems Technologies Worldwide, Inc., along with Asola of Germany during the Los Angeles Auto show on Nov. 29, 2012.

China Billionaire Profits While U.S. Taxpayers Lose With Fisker

To hear the U.S. Department of Energy tell it, extracting $25 million for a busted loan to failed electric carmaker Fisker Automotive was a coup that cut the government’s loss to a more manageable amount. Now, a sizable chunk of...

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Arizona Speaker of The House Andy Tobin, middle, R-Dewey, answers a question as Senate Minority Leader Anna Tovar, left, D-Tolleson, and House Minority Leader Chad Campbell, D-Phoenix, listen at the annual Arizona Chamber of Commerce and Industry legislative luncheon on Jan. 10, 2014, in Phoenix.

Photograph by Ross D. Franklin/AP Photo

Arizona Speaker of The House Andy Tobin, middle, R-Dewey, answers a question as Senate Minority Leader Anna Tovar, left, D-Tolleson, and House Minority Leader Chad Campbell, D-Phoenix, listen at the annual Arizona Chamber of Commerce and Industry legislative luncheon on Jan. 10, 2014, in Phoenix.

Democratic Super-PAC Ads Link Arizona Republicans to Koch Brothers

Democratic super-political action committee is invoking billionaire energy executives Charles and David Koch in television ads that also attack two Arizona Republican U.S. House candidates. “Billionaires and insurance companies” are funding attack ads against Democratic Rep. Ann Kirkpatrick, according to...

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