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Cary O'Reilly

is Editor at Large at Bloomberg First Word and is Washington Daybook columnist for Bloomberg Government and Bloomberg News.

Secretary of State John Kerry, center, is welcomed and escorted by U.S. Ambassador to South Korea Sung Y. Kim, left, and deputy director general of South Korea's Foreign Ministry, Moon Seoung-hyun, in front of a traditional honor guard at Seoul air base on April 12, 2013.

Photograph by Paul J. Richards/Pool

Secretary of State John Kerry, center, is welcomed and escorted by U.S. Ambassador to South Korea Sung Y. Kim, left, and deputy director general of South Korea's Foreign Ministry, Moon Seoung-hyun, in front of a traditional honor guard at Seoul air base on April 12, 2013.

Washington Daybook: Definitely Maybe

Will budget cuts reduce U.S. economic growth? No, according to economists surveyed by Bloomberg whose median forecast is solid 3 percent growth in the first quarter. Yes, says the International Monetary Fund, which lowered its forecast for U.S. growth for...

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JP Morgan Chase CEO Jamie Dimon, left, and Goldman Sachs CEO Lloyd Blankfein leave the White House after they and 13 other bank heads met with President Barack Obama on March 27, 2009 in Washington, DC.

Photograph by Chip Somodevilla/Getty Images

JP Morgan Chase CEO Jamie Dimon, left, and Goldman Sachs CEO Lloyd Blankfein leave the White House after they and 13 other bank heads met with President Barack Obama on March 27, 2009 in Washington, DC.

Washington Daybook: Banks, Budgets and Guns

President Barack Obama will meet with the heads of the world’s biggest banks, including Goldman Sachs Group Inc.’s Lloyd C. Blankfein and JPMorgan Chase & Co.’s Jamie Dimon, seeking to strengthen ties that have been strained by new U.S. curbs...

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People walk on the beach in Tijuana, Mexico, beyond the U.S.-Mexico border fence in San Diego, California, on March 21, 2012.

Photograph by Sam Hodgson/Bloomberg

People walk on the beach in Tijuana, Mexico, beyond the U.S.-Mexico border fence in San Diego, California, on March 21, 2012.

Washington Daybook: Border Patrol

Immigration policy is the main subject of discussion at events hosted by the Migration Policy Institute, the Economic Policy Institute and the Small Business Majority in Washington today. Meanwhile, Arizona Republican Sens. John McCain and Jeff Flake will host Democratic...

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Buttons opposing Proposition 8 are displayed during a rally to celebrate the ruling to overturn Proposition 8 in San Francisco.

Photograph by Justin Sullivan/Getty Images

Buttons opposing Proposition 8 are displayed during a rally to celebrate the ruling to overturn Proposition 8 in San Francisco.

Washington Daybook: Same-Sex Sea Change

The Supreme Court hears arguments on whether the 2008 Proposition 8 California voter initiative that halted same-sex marriage in the state violated the rights of gays. The Obama administration, a Republican group including six former governors, Apple Inc. and Morgan...

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Abbott Laboratories' AndroGel testosterone gel.

Photograph by Daniel Acker/Bloomberg

Abbott Laboratories' AndroGel testosterone gel.

Washington Daybook: ‘Pay for Delay’

The Supreme Court hears arguments today on whether drugmakers and their would-be rivals who make generic versions of medicines are engaged in what the U.S. calls anti-competitive “pay for delay” practices when they sign deals to delay introduction of lower-cost...

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Senate Budget Committee members Sen. Pat Toomey, center, and Sen. Ron Johnson, right, make brief statements to the news media before the second day of markup hearings in the Dirksen Senate Office Building on Capitol Hill on March 14, 2013 in Washington The Republican senators were unified in their criticism of the federal budget proposed by the majority Democrats on the committee.

Photograph by Chip Somodevilla/Getty Images

Senate Budget Committee members Sen. Pat Toomey, center, and Sen. Ron Johnson, right, make brief statements to the news media before the second day of markup hearings in the Dirksen Senate Office Building on Capitol Hill on March 14, 2013 in Washington The Republican senators were unified in their criticism of the federal budget proposed by the majority Democrats on the committee.

Washington Daybook: All-Nighter

Look for the Senate to toil late into the evening and possibly into the early morning hours to finish work on its fiscal 2014 budget blueprint. When back-to-back roll calls on amendments end, the chamber will finally be ready for...

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Palestinian president Mahmud Abbas and President Barack Obama shake hands during a joint press conference following meetings at the Muqata, the Palestinian Authority headquarters, in the West Bank city of Ramallah on March 21, 2013.

Photograph by Saul Loeb/AFP via Getty Images

Palestinian president Mahmud Abbas and President Barack Obama shake hands during a joint press conference following meetings at the Muqata, the Palestinian Authority headquarters, in the West Bank city of Ramallah on March 21, 2013.

Washington Daybook: Future Tense

President Barack Obama delivers an address to the Israeli people in Jerusalem today. He met earlier with Palestinian Authority President Mahmoud Abbas in Ramallah on the future of the peace process and said the Palestinian people “deserve a state of...

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A student during spring break on South Padre Island, Texas.

Photograph by Rick Gershon/Getty Images

A student during spring break on South Padre Island, Texas.

Washington Daybook: Not Quite Spring

Lawmakers, like college students, are looking forward to Spring break, with two weeks away from Washington to relax and celebrate Easter and Passover with family and constituents. But first, that small matter of keeping the government funded past next week....

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Workers raise a JPMorgan Chase & Co. flag at company headquarters in New York.

Photograph by Victor J. Blue/Bloomberg

Workers raise a JPMorgan Chase & Co. flag at company headquarters in New York.

Washington Daybook: Whale Watching

A report on a Senate committee’s probe of JPMorgan’s record loss last year by a trader known as “The Whale” will be released today. The flawed bet on credit derivatives cost the company more than $6.2 billion and stained Chief...

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