Political Capital


U.S. President Barack Obama arrives at an event at the White House in Washington, D.C., on Jan. 31, 2014.

Photograph by Joshua Roberts/Bloomberg

U.S. President Barack Obama arrives at an event at the White House in Washington, D.C., on Jan. 31, 2014.

Obama Foundation Online for Library

Every president needs a library. A Barack H. Obama Foundation has been created to start the fundraising and logistical work needed for an eventual presidential library for America’s 44th president with the goal of selecting a site in early 2015....

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A sugarcane farm in Belle Glade, Florida on  Oct. 31, 2013.

Photograph by Mark Elias/Bloomberg

A sugarcane farm in Belle Glade, Florida on Oct. 31, 2013.

Farm Bill Shields Crop Insurance

Watchdog groups reeling over the easy passage of a farm bill in the House are focusing on a quieter loss they say is significant for government transparency: The defeat of a plan to make lawmakers disclose crop-insurance subsidies. Absent from...

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House Ways and Means Committee Chairman Dave Camp (R-MI) at a news conference on the 50th anniversary of the start of the War on Poverty on Jan. 8, 2014 in Washington, DC.

Photograph by Chip Somodevilla/Getty Images

House Ways and Means Committee Chairman Dave Camp (R-MI) at a news conference on the 50th anniversary of the start of the War on Poverty on Jan. 8, 2014 in Washington, DC.

Camp Challenges IRS Rules Changes for Nonprofits

Dave Camp is still displeased with the Internal Revenue Service. The Michigan Republican and chairman of the House Ways and Means Committee requested a pile of documents from the U.S. tax agency today as he tries to stop rules that...

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Sean Eldridge at the State University of New York in New Paltz, N.Y. on May 30, 2013.

Photograph by Nathaniel Brooks/The New York times via Redux

Sean Eldridge at the State University of New York in New Paltz, N.Y. on May 30, 2013.

Steyer, Google’s Schmidt investing in Facebook Spouse’s House Race

Tom Steyer, the billionaire former hedge fund manager opposed to the Keystone XL pipeline, and Google Inc. executive chairman Eric Schmidt are aiding the House campaign of New York’s Sean Eldridge, a Democratic venture capitalist seeking to unseat Republican Rep....

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The Bitcoin Wallet smartphone app as a quick response (QR) code is displayed on the monitor of a cash register.

Photograph by Simon Dawson/Bloomberg

The Bitcoin Wallet smartphone app as a quick response (QR) code is displayed on the monitor of a cash register.

Can Bitcoin Save the Postal Service?

Written with Megan Hughes The U.S. Postal Service Inspector General’s office is looking at disruptive technologies to bolster the finances of the nation’s ailing post offices. The latest idea? Jump on the Bitcoin bandwagon. Possibilities include putting Bitcoin ATMs in...

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Fans of both teams visit Super Bowl Boulevard in New York on Jan. 30.

Photograph by Victor J. Blue/Bloomberg

Fans of both teams visit Super Bowl Boulevard in New York on Jan. 30.

Super Bowl Rivals Almost Exactly Equal in Size (Population Wise)

Whether Super Bowl XLVIII will be a close game remains to be seen. What is known is that Seattle and Denver are two pretty evenly matched cities, population wise. As it’s prone to do for special events, the U.S. Census...

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Chinese one-hundred yuan banknotes

Photograph by Jerome Favre/Bloomberg

Chinese one-hundred yuan banknotes

Bloomberg by the Numbers: 8

China’s renminbi was the eighth most-used currency for payments in terms of value last month. The currency of the world’s most populous country jumped 12 spots from January 2012, when it was the 20th most-used currency for payments, according to...

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The Gulf Coast Project, a 485-mile crude oil pipeline being constructed by TransCanada Corp., is part of the Keystone XL Pipeline Project and will run from Cushing, Oklahoma to Nederland, Texas.

Photograph by Daniel Acker/Bloomberg

The Gulf Coast Project, a 485-mile crude oil pipeline being constructed by TransCanada Corp., is part of the Keystone XL Pipeline Project and will run from Cushing, Oklahoma to Nederland, Texas.

Keystone Report Disappointing Foes

Written with Mark Drajem and Jonathan Allen The State Department is preparing a report that will probably disappoint environmentalists and opponents of the Keystone pipeline, according to people who have been briefed on the draft of the document. While the...

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