Political Capital

Daily Archives: June 6, 2012

Before an afternoon meeting at the White House with Congressional leadership and the President, a member of the Gang of Six and chairman of the Senate Budget Committee, Senator Kent Conrad with reporters concerning a bipartisan deficit-reduction package put forward by the six Senators.

Photograph by Melina Mara/ The Washington Post via Getty Images

Before an afternoon meeting at the White House with Congressional leadership and the President, a member of the Gang of Six and chairman of the Senate Budget Committee, Senator Kent Conrad with reporters concerning a bipartisan deficit-reduction package put forward by the six Senators.

‘Gang of Six’ Rides Again, as 12

The ‘Gang of Six’ is back. And bigger. The six senators who proposed a bipartisan, $3.7 trillion deficit-reduction plan last summer have doubled their core membership and are working to reach consensus on a legislative draft, Senator Kent Conrad said...

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First Lady Michelle Obama on June 5, 2012 at the Newseum in Washington.

Photograph by Mandel Ngan/AFP/Getty Images

First Lady Michelle Obama on June 5, 2012 at the Newseum in Washington.

Michelle Obama Sees a ‘Journey’

“Are there any men here?” first lady Michelle Obama asked. A few amid the crowd at the “2012 Women for Obama” event called out. “All right, a few good men,” she said. “Stand proud.” So many women filled the fundraising...

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A FedEx Boeing Co. 757 cargo jet at Ronald Reagan National Airport in Arlington, Virginia.

Photograph Andrew Harrer/Bloomberg

A FedEx Boeing Co. 757 cargo jet at Ronald Reagan National Airport in Arlington, Virginia.

Two Hidden Economic Indicators

Corporate America provides gems of economic wisdom in the routine business of doing business. The hidden indicators this week suggest the lackluster growth may be a long-term phenomenon. First, FedEx has decided to retire 24 more jets. The world’s largest...

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House Minority Leader Nancy Pelosi of Calif. takes questions at her weekly news conference on Capitol Hill.

Photograph by J. Scott Applewhite/AP Photo

House Minority Leader Nancy Pelosi of Calif. takes questions at her weekly news conference on Capitol Hill.

No Vacation for Congress? Pelosi Says Let’s Talk Tax Cuts Instead

If Nancy Pelosi has her way, Congress won’t get to go on vacation next week. Instead, they’ll have to stay put in Washington and work. In a letter today, the Democratic leader challenged House Speaker John Boehner to cancel the...

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Mitt Romney at a campaign stop in Ft. Worth on June 5, 2012.

Photograph by Rex C. Curry/The New York Times via Redux

Mitt Romney at a campaign stop in Ft. Worth on June 5, 2012.

Texas Millionaire and Tax Loophole Beneficiary to Host Romney Fundraiser

Republican Mitt Romney is expected to pull in millions from top Texas Republicans during a two-day swing across the state this week. At least some of that haul will be thanks to a San Antonio billionaire who used a controversial...

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Former President Bill Clinton during the 20th Life Ball on May 19, 2012.

Photograph by Samuel Kubani/AFP/Getty Images

Former President Bill Clinton during the 20th Life Ball on May 19, 2012.

Clinton’s Tax Talk Echoes in Capitol

Bill Clinton said it — sort of. Republicans are happy to repeat it — for sure. The former president’s comments in an interview this week that Congress “will probably have to put everything off until early next year” when it...

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Wisconsin Republican Gov. Scott Walker at his victory party on June 5, 2012, in Waukesha, Wis.

Photograph by Morry Gash/AP Photo

Wisconsin Republican Gov. Scott Walker at his victory party on June 5, 2012, in Waukesha, Wis.

On Wisconsin: Game Changed Little

Republican Governor Scott Walker won big in Wisconsin. Republican Mitt Romney made it known on his Twitter account that he believes the victory for the first governor to survive a recall vote “will echo beyond the borders of Wisconsin.” Yet,...

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Mitt Romney aboard his campaign plane before departing for Colorado on May 28, 2012 in San Diego.

Photograph by Justin Sullivan/Getty Images

Mitt Romney aboard his campaign plane before departing for Colorado on May 28, 2012 in San Diego.

Romney’s Bain Aided by Government

“Government does not create prosperity,” Republican Mitt Romney likes to say. Yet it certainly hasn’t impaired his prosperity, as Bloomberg’s David Lynch reports. In California, Lynch writes today, taxpayer money built one Bain company a conveyor bridge between two of its...

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The Hanford Nuclear Reservation near Richland, Washington.

Photograph by Jeff T. Green/Getty Images

The Hanford Nuclear Reservation near Richland, Washington.

Washington Daybook: Clearing the Air

Regulation of pollutants and JPMorgan will dominate discussions in the nation’s capital today, along with fallout from yesterday’s elections. The Senate Banking Committee will hear from Treasury Secretary Tim Geithner and Federal Reserve, FDIC, and other market regulators on what...

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