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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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
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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Photographer: Mark Elias/Bloomberg
The backup camera and EV logo from a 2011 Nissan Leaf Zero Emission Electric car.
Rear-View Camera Rule: A Year Overdue, Delayed Again
Safety advocates who want to see rearview cameras in all cars and light trucks to avoid backover deaths have been waiting for a $2.7 billion regulation that the Department of Transportation was required by law to issue a year ago....
Read more »For Some Democrats and Activists, No Deal Better Than Bad Deal
As President Barack Obama shows cautious optimism that a fiscal deal can be reached in the waning hours of 2012, some Democratic activists and union leaders are already pushing back against the contours of the tax plan being negotiated by Vice...
Read more »Tech Helps Give West Best U.S. Job Growth
Gary Schlossberg, an economist at Wells Fargo in San Francisco, doesn’t have to look far to see how the innovation and entrepreneurship in California are helping the West lead the nation’s job growth. “Tech certainly is a driver,” Schlossberg said...
Read more »Meet Next Year’s New Cardinals
The House Appropriations Committee will have five new subcommittee chairmen next year, thanks to the retirements of Republicans Denny Rehberg and Jo Ann Emerson. Jack Kingston of Georgia will take over Rehberg’s job as head of the Labor, Health and Human...
Read more »Pentagon Readies Furloughs
Senator Lindsey Graham created a stir when he quoted Defense Secretary Leon Panetta as telling him he’d have to send 800,000 “layoff notices” that would amount to “shooting the Defense Department in the head.” Panetta “is worried to death that...
Read more »Senate Chaplain: Save Us From `Self-Inflicted Wounds’
Senate Chaplain Barry Black’s melodious deep bass voice rings through the marble-lined chamber every time the Senate begins a new legislative day. He always invokes divine providence. Rarely does he ask for help averting lawmakers’ own bad ideas. Black opened...
Read more »Bloomberg by the Numbers: 27.72
That’s how many points the Standard & Poor’s 500 Index fell last week, or 1.9 percent, the biggest weekly drop in almost two months. The year-end deadline is here for Congress and the president to find some way to avert...
Read more »Durbin: Long List of Sticking Points
So what’s the fiscal sticking point? The list from Illinois Senator Dick Durbin, the second-ranking Democrat, begs the question: what’s NOT the sticking point? Here is Durbin’s list of unresolved issues: the income threshold at which tax rates would rise,...
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Contributors
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Al Hunt
is a columnist for Bloomberg View and host of the weekly show "Political Capital with Al Hunt" on Bloomberg TV. -
Mark Silva
is deputy managing editor for government news in Washington and editor of Political Capital. He has covered the White House and national politics. -
Emma Fidel
is political editor for Bloomberg.com in Washington. She previously covered financial regulation as a Bloomberg intern. -
Don Frederick
edits political and government coverage for Bloomberg News. He previously worked for more than a decade at the Los Angeles Times' Washington bureau. -
Gregory Giroux
analyzes elections, financing of congressional and presidential elections, political advertising and demographics in Bloomberg's Washington Bureau. -
Julie Bykowicz
covers the influence of money and lobbying in Washington, and covered the state legislature and city crime for the Baltimore Sun for 10 years. -
Jonathan Salant
covers campaign finance and lobbying in Washington. He was president of the National Press Club and started in Washington in 1987. -
Richard Rubin
covers federal tax policy. He worked at Congressional Quarterly and The Charlotte Observer before joining Bloomberg News in 2010. -
Julie Hirschfeld Davis
is a senior political reporter for the Washington Bureau. She covered the 2012 campaign for Bloomberg News and previously covered the White House for the Baltimore Sun. -
Lisa Lerer
covers the White House and covered the 2012 campaign for Bloomberg News. She covered Congress, lobbying and the 2008 campaign for Politico. -
John McCormick
is a national political reporter looking forward to the 2016 presidential campaign, which will be the fifth he's covered. He's also reported for The Des Moines Register and Chicago Tribune. -
Julianna Goldman
covers the White House for Bloomberg News and Bloomberg Television. -
Hans Nichols
covers the White House for Bloomberg News and Bloomberg Television. -
Margaret Talev
covers the White House for Bloomberg News and covered the White House for McClatchy Newspapers. She has covered California and Florida politics. -
Cary O'Reilly
is Editor at Large at Bloomberg First Word and is Washington Daybook columnist for Bloomberg Government and Bloomberg News.
