Political Capital

Daily Archives: December 24, 2012


Community and chain drug stores may have lost their fight in refilling maintenance medication under Medicare.

Photograph by Raimund Koch

Community and chain drug stores may have lost their fight in refilling maintenance medication under Medicare.

Retail druggists get lump of coal from Congress

Congress gave retail pharmacies a lump of coal for Christmas and may have tossed a few sugar plums to McKesson Corp. and Express Scripts Inc. Community and chain drug stores have spent much of 2012 fighting a push for more...

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Senator Mike Crapo, R-Idaho on Capitol Hill in Washington, 2011.

Photograph by Harry Hamburg/AP Photo

Senator Mike Crapo, R-Idaho on Capitol Hill in Washington, 2011.

Crapo’s Driving Under Influence Case May Be Muted Washington Scandal

With assistance from Derek Wallbank in Washington. What are the ingredients for a classic Washington scandal? Perhaps one part crime, one part hypocrisy and two parts intrigue. For U.S. Senator Mike Crapo, an Idaho Republican and Mormon who was arrested yesterday...

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U.S. President Barack Obama (L) nominated Senator John Kerry to be the next secretary of state, at the White House on Dec. 21, 2012 in Washington, D.C.

Photograph by Mandel Ngan/AFP via Getty Images

U.S. President Barack Obama (L) nominated Senator John Kerry to be the next secretary of state, at the White House on Dec. 21, 2012 in Washington, D.C.

Kerry Can’t Do It All: Picking Someone to Preside

President Barack Obama joked about a procedural quirk that lies ahead when he chose Senator John Kerry as his nominee for secretary of state. “I guess you won’t be able to actually appear and preside at the same time,” Obama...

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Rep. Carolyn McCarthy urged Congress to pass the McCarthy-DeGette bill banning high capacity assault weapon magazines.

Photograph by Mark Wilson/Getty Images

Rep. Carolyn McCarthy urged Congress to pass the McCarthy-DeGette bill banning high capacity assault weapon magazines.

McCarthy: NRA Is `Out of Touch’

New York Democratic Representative Carolyn McCarthy said the National Rifle Association’s opposition any new gun regulations shows that the group “is out of touch” with the American people. McCarthy, whose husband was killed in a 1993 mass shooting on the...

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Ben S. Bernanke, chairman of the U.S. Federal Reserve.

Photograph by Andrew Harrer/Bloomberg

Ben S. Bernanke, chairman of the U.S. Federal Reserve.

Bernanke Unhappy Mortgage Rates Aren’t Even Lower

By Caroline Salas Gage, Jody Shenn and Heather Perlberg Record-low mortgage rates aren’t cheap enough for Federal Reserve Chairman Ben S. Bernanke. Bloomberg reports that the Fed is buying $45 billion of Treasuries and $40 billion of mortgage-backed securities each...

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President Barack Obama and First Lady Michelle Obama stand with Senator Inouye's wife Irene Hirano during funeral services for the late Senator Daniel Inouye on Dec. 23, 2012 in Honolulu, Hawaii.

Photograph by Cory Lum-Pool/Getty Images

President Barack Obama and First Lady Michelle Obama stand with Senator Inouye's wife Irene Hirano during funeral services for the late Senator Daniel Inouye on Dec. 23, 2012 in Honolulu, Hawaii.

Obama Home for the Holiday: Really

Daniel Inouye already had been the congressman from Hawaii for almost two years when Barack Obama was born there. Inouye, who died last week at 88, the second-longest serving U.S. senator after the late Robert Byrd, was the first congressman...

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The Federal Election Commission chairwoman, Democrat Ellen Weintraub (L), and the vice chairman, Republican Donald McGahn (R), shown here in 2008 in different roles.

Photograph by Scott J. Ferrell/Congressional Quarterly via Getty Images

The Federal Election Commission chairwoman, Democrat Ellen Weintraub (L), and the vice chairman, Republican Donald McGahn (R), shown here in 2008 in different roles.

FEC `On the Roof:’ Balking Blocs

The Federal Election Commission chairwoman for 2013 will be Democrat Ellen Weintraub, and the vice chairman will be Donald McGahn, a Republican. These are the two leaders of the two FEC blocs that have prevented the commission from taking any...

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A display during the NRA Annual Meetings and Exhibits on April 14, 2012 at America's Center in St. Louis, Missouri.

Photograph by Whitney Curtis/Getty Images

A display during the NRA Annual Meetings and Exhibits on April 14, 2012 at America's Center in St. Louis, Missouri.

Bloomberg by the Numbers: $719,596

That’s how much the National Rifle Association’s political action committee and individuals employed by the association gave to federal candidates during the 2012 elections. Republicans received $634,146, or 88 percent, and Democrats got $85,450, or 12 percent, according to the...

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