Political Capital

US M1A1 Abrams tanks are loaded onto a train during the Army Preposition Stocks operation drill at Camp Carroll in Chilgok, southeast of Seoul.

Photograph by Kim Jae-Hwan/AFP/Getty Images

US M1A1 Abrams tanks are loaded onto a train during the Army Preposition Stocks operation drill at Camp Carroll in Chilgok, southeast of Seoul.

Defense Investors Stay Calm Heading for Cliff

Defense companies would be hit hardest by automatic government spending cuts set to take effect at midnight, but investors aren’t panicking yet. Shares of the 10 biggest Pentagon contractors rose 1.2 percent today as Democrats and Republicans remained at odds over...

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US President Barack Obama makes a statement about fiscal cliff negotiations from the White House December 31, 2012 in Washington, DC.

Photograph by Brendan Smialowski/AFP via Getty Images

US President Barack Obama makes a statement about fiscal cliff negotiations from the White House December 31, 2012 in Washington, DC.

Obama Laugh Lines Spur Attack from McCain, Other Republicans

Can relations between Barack Obama’s White House and Republicans get even worse? It appears so, even as it also appears that talks between a couple of old Washington hands — Vice President Joe Biden and Senate Minority Leader Mitch McConnell...

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