Political Capital
author_image

Cary O'Reilly

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

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...

Read more »


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....

Read more »

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...

Read more »

The nomination of Richard Cordray to head the Consumer Finance Protection
Bureau is up before the Senate Banking Committee.

Photograph by Andrew Harrer/Bloomberg

The nomination of Richard Cordray to head the Consumer Finance Protection Bureau is up before the Senate Banking Committee.

Washington Daybook: Charm School

President Barack Obama travels to Capitol Hill today to meet with Senate Democrats during their weekly caucus, the firstof a series of meetings the president plans to hold with lawmakers. Next up: visits with the House Republican conference tomorrow and...

Read more »

Representative Paul Ryan, a Republican from Wisconsin, holds a copy of the Fiscal Year 2013 Budget while chairing a House Budget Committee hearing in Washington in this Feb. 16, 2012 file photo.

Photograph by Andrew Harrer/Bloomberg

Representative Paul Ryan, a Republican from Wisconsin, holds a copy of the Fiscal Year 2013 Budget while chairing a House Budget Committee hearing in Washington in this Feb. 16, 2012 file photo.

Washington Daybook: Ryan’s Savings

The Treasury Department will update the size and scope of the federal budget problem when it reports on February’s deficit, with economists surveyed by Bloomberg saying it could be more than $200 billion. House Budget Committee Chairman Paul Ryan, a...

Read more »

Employees install furniture and wiring in pontoon boats in Elkhart, Indiana.

Photograph by Ty Wright/Bloomberg

Employees install furniture and wiring in pontoon boats in Elkhart, Indiana.

Washington Daybook: 7.7 Percent

HBO has “Game of Thrones.” In Washington, it’s a game of numbers. Employers added 236,000 workers to payrolls in February after 157,000 a month earlier, showing progress in the labor market that could help President Barack Obama’s approval numbers. The...

Read more »

Rep. Paul Ryan in front of the USS Wisconsin in Norfolk, Virginia, in this file photo.

Photograph by Win McNamee/Getty Images

Rep. Paul Ryan in front of the USS Wisconsin in Norfolk, Virginia, in this file photo.

Washington Daybook: Ryan at 1600

Rand Paul’s quixotic filibuster against John Brennan’s nomination as CIA director in which he droned on about the issue of, well, drones, lasted a respectable 12 hours, 52 minutes. That places him between Strom Thurmond’s 24 hour rant against the...

Read more »

Workers remove a heavy mixture of snow and ice from the west front of the U.S. Supreme Court on March 6, 2013 in Washington.

Photograph by Chip Somodevilla/Getty Images

Workers remove a heavy mixture of snow and ice from the west front of the U.S. Supreme Court on March 6, 2013 in Washington.

Washington Daybook: Snow Shutters

Federal offices are closed today as a nameless storm is expected to drop as much as 10 inches of snow on Washington. Most schools, courts and military bases are also shuttered. While executive-branch offices are closed, Congress plans to do...

Read more »

John Brennan, nominee for director of the Central Intelligence Agency (CIA) and White House chief counterterrorism adviser, center, speaks during a Senate Select Intelligence Committee hearing in Washington.

Photograph by Andrew Harrer/Bloomberg

John Brennan, nominee for director of the Central Intelligence Agency (CIA) and White House chief counterterrorism adviser, center, speaks during a Senate Select Intelligence Committee hearing in Washington.

Washington Daybook: Minimum Effort

The Senate Intelligence Committee plans to consider the nomination of John Brennan to be CIA director, setting up a floor vote later in the week. The Senate Budget Committee looks for ways to eliminate giveaways in the tax code, with testimony from Jared...

Read more »