Political Capital

Good News for Fed, Less So For Average Joe

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

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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Rep. Ed Whittfield, Connie Whitfield and Amb. Francois Delattre.

Photograph by Stephanie Green/Bloomberg

Rep. Ed Whittfield, Connie Whitfield and Amb. Francois Delattre.

Ambassadors’ Mansions are Jewels of Washington’s Embassies

The biggest jewel in the crown of some Washington embassies is the ambassador’s residence, especially the mansions owned by Great Britain, Italy, and France where diplomats can entertain a wide swath of capital elites in style. Getting an invite to...

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American opera singer Marian Anderson performs on the steps of the Lincoln Memorial in Washington, DC on April 9, 1939.

Photograph by Hulton Archive/Getty Images

American opera singer Marian Anderson performs on the steps of the Lincoln Memorial in Washington, DC on April 9, 1939.

Marian Anderson Tribute Unites Opera and M.C. Hammer

Rapper M.C. Hammer, actor Malcolm-Jamal Warner, and singer Dionne Warwick were among those who paid tribute to the late civil rights icon Marian Anderson Saturday night. This month marks the 75th anniversary of Anderson’s concert on the steps of the...

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Conservative pundit, television personality and former vice presidential candidate Sarah Palin during the 41st annual Conservative Political Action Conference on March 8, 2014 in National Harbor, Maryland.

Photograph by T.J. Kirkpatrick/Getty Images

Conservative pundit, television personality and former vice presidential candidate Sarah Palin during the 41st annual Conservative Political Action Conference on March 8, 2014 in National Harbor, Maryland.

Palin, Wagner Among Republican Women Aiding Florida’s Benacquisto

Republican women including former Alaska Gov. Sarah Palin dot the donor list of Florida state Sen. Lizbeth Benacquisto, the only Republican woman seeking a vacant congressional district in a key primary on April 22. Palin, the 2008 Republican vice-presidential nominee,...

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Employees work on the assembly line installing parts on the Duratech 35 V6 engine at the Ford Motor Co. Engine Plant in Lima, Ohio, U.S. on Friday, March 28, 2014. Ford announced it will invest $500 million to upgrade the plant to support production of the new 2.7-liter EcoBoost designed for 2015 F-150.

Photograph by Ty Wright/Bloomberg

Employees work on the assembly line installing parts on the Duratech 35 V6 engine at the Ford Motor Co. Engine Plant in Lima, Ohio, U.S. on Friday, March 28, 2014. Ford announced it will invest $500 million to upgrade the plant to support production of the new 2.7-liter EcoBoost designed for 2015 F-150.

Bloomberg by the Numbers: 74

It took 74 months for U.S. private employment to exceed the pre-recession peak of 116 million in January 2008. Payrolls excluding government agencies rose by 192,000 workers in March, bringing total private employment to 116.1 million, according to the Labor...

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