Political Capital

Brian Faler

A Canadian flag flies over the Berens River in Berens River, Manitoba.

Photograph by Marc Rochette/Bloomberg

A Canadian flag flies over the Berens River in Berens River, Manitoba.

Canadian Invasion Not in the Budget

Lawmakers are agreed: We should not invade Canada. Debate over a Senate Democratic proposal to tap “unspent” Afghanistan war funds to cover the cost of halting budget sequestration veered today into the theoretical. Sen. Dick Durbin of Illinois was on...

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Senate Armed Services Committee members, from left, Sen. John McCain, Sen. Kelly Ayotte, Sen. Deb Fischer, and Sen. Lindsey Graham gather on Capitol Hill in Washington, Feb. 12, 2013, prior to the committee's hearing on the looming cuts to the defense budget that could be part of the sequestration.

Photograph by J. Scott Applewhite/AP Photo

Senate Armed Services Committee members, from left, Sen. John McCain, Sen. Kelly Ayotte, Sen. Deb Fischer, and Sen. Lindsey Graham gather on Capitol Hill in Washington, Feb. 12, 2013, prior to the committee's hearing on the looming cuts to the defense budget that could be part of the sequestration.

It’s McCain Versus Inhofe Over Budget Cuts

From Bloomberg Government’s Congress Tracker blog Arizona Republican John McCain is attempting to torpedo a sequester proposal by his successor as the ranking member of the Senate Armed Services Committee. McCain said in an interview that he is working with...

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A hull section of a U.S. Navy Littoral Combat Ship (LCS) sits in a paint booth during a facility tour in Marinette, Wisconsin, on Feb. 11, 2013.

Photograph by Daniel Acker/Bloomberg

A hull section of a U.S. Navy Littoral Combat Ship (LCS) sits in a paint booth during a facility tour in Marinette, Wisconsin, on Feb. 11, 2013.

The Math Behind the Sequester

From Bloomberg Government’s Congress Tracker blog How much is “brutal”? Lawmakers agree that the automatic spending cuts slated to begin March 1 will be big and painful — President Barack Obama yesterday called them “brutal” — though exactly how big...

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Demonstrators in favor of the Affordable Care Act stand outside the Supreme Court building on June 28, 2012.

Photograph by Andrew Harrer/Bloomberg

Demonstrators in favor of the Affordable Care Act stand outside the Supreme Court building on June 28, 2012.

Obama Says Health Law Cutting Costs; CBO Chief Isn’t So Sure

From Bloomberg Government’s Congress Tracker blog President Barack Obama said in his State of the Union address that his health-care overhaul is taming costs, though Congress’s top budget advisor isn’t so sure. Douglas Elmendorf, director of the nonpartisan Congressional Budget...

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Massachusetts Governor Deval Patrick and Secretary of State John Kerry during the re-enactment of the swearing-in of Senator William 'Mo' Cowan on Feb. 7, 2013 at the Old Senate Chamber of the Capitol.

Photograph by Alex Wong/Getty Images

Massachusetts Governor Deval Patrick and Secretary of State John Kerry during the re-enactment of the swearing-in of Senator William 'Mo' Cowan on Feb. 7, 2013 at the Old Senate Chamber of the Capitol.

Cowan Holds Kerry’s Seat, But Not His Desk

From Bloomberg Government’s Congress Tracker blog: William “Mo” Cowan took John Kerry’s seat. Who gets his desk? Each senator is assigned a desk on the chamber floor, and Kerry — who represented Massachusetts for 28 years and is now secretary...

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Senate Judiciary Committee member Sen. Lindsey Graham during a hearing about gun control on Capitol Hill on Jan. 30, 2013.

Photograph by Chip Somodevilla/Getty Images

Senate Judiciary Committee member Sen. Lindsey Graham during a hearing about gun control on Capitol Hill on Jan. 30, 2013.

Gun-Control Hearing: No Show and Tell

Some Republican senators say that today’s  Judiciary Committee  hearing on gun control would have been better with some show-and-tell. South Carolina’s Sen. Lindsey Graham and Sen. Ted Cruz  of Texas fired off a letter to Judiciary Chairman Patrick  Leahy of Vermont complaining...

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A U.S. military transportation vehicle at the Port of Beaumont upon return from deployment overseas.

Photograph by Aaron M. Sprecher/Bloomberg

A U.S. military transportation vehicle at the Port of Beaumont upon return from deployment overseas.

Defense Cuts, More Around the Cliff — Add That, `Budgeteers’

Don’t forget about the other sequester. While all eyes are on the so-called fiscal cliff, a second round of automatic spending cuts, one that will carve $11 billion out of the Pentagon’s budget, is set to kick in shortly after...

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Seniors attend a 'Medicare Monday' seminar at the Holly Creek retirement community in Centennial, Colorado.

Photograph by John Moore/Getty Images

Seniors attend a 'Medicare Monday' seminar at the Holly Creek retirement community in Centennial, Colorado.

Remember that $716 Billion?

It wasn’t that long ago that Republicans pilloried Democrats — on the campaign trail, over the airwaves, in countless news releases — for cutting $716 billion out of Medicare. “The money you paid for your guaranteed health care is going to a massive new government program that’s...

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