Political Capital
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Emma Fidel

is political editor for Bloomberg.com. She previously covered financial regulation as a Bloomberg intern.

A still from the "ObamaCareNado" ad by Crossroads GPS, with sources from Fox News quoted

Courtesy CrossroadsGPSChannel via YouTube

A still from the "ObamaCareNado" ad by Crossroads GPS, with sources from Fox News quoted

SharkNado Inspires Crossroads GPS Anti-Obamacare Ad

What’s scarier: A tornado full of sharks or a tornado full of politicians? Crossroads Grassroots Policy Strategies might soon find out. The nonprofit group backed by Karl Rove equates the two “perfect storm” scenarios in its new ad, “ObamaCareNado.” The...

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The National Debt Clock and an estimate of the Untied States' national debt, as well as an estimate of each family's share of that amount, on Dec. 31, 2012, in New York City.

Photograph by Justin Lane/EPA/Corbis

The National Debt Clock and an estimate of the Untied States' national debt, as well as an estimate of each family's share of that amount, on Dec. 31, 2012, in New York City.

Bloomberg by the Numbers: $16.699 Trillion

That’s the U.S. debt ceiling as of Monday, according to the Treasury Department. It’s the first number the Treasury has released since President Barack Obama signed a suspension of the limit in early February, Bloomberg’s Ian Katz and Kasia Klimasinska report....

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Tea Party supporters cheer at the Tea Party Unity Rally ahead of the Republican National Convention, in Tampa, Florida.

Photograph by Robyn Beck/AFP via Getty Images

Tea Party supporters cheer at the Tea Party Unity Rally ahead of the Republican National Convention, in Tampa, Florida.

IRS Apology Draws Twitter Scorn

The Internal Revenue Service apologized for extra scrutiny of Tea Party groups this morning, sending Washington into a Twitter tizzy. Lois Lerner, the IRS’s director of exempt organizations, said at a conference the tax agency improperly flagged some anti-tax groups for...

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Rep. Ed Markey gives Sheila Decter, of Newton, a hug while he campaigns at Johnny's Luncheonette.

Photograph by John Tlumacki/The Boston Globe via Getty Images

Rep. Ed Markey gives Sheila Decter, of Newton, a hug while he campaigns at Johnny's Luncheonette.

Republican Attack Ad Gives Markey Disco Fever

The day after Rep. Ed Markey won the U.S. Senate Democratic primary in Massachusetts, the Senate Republicans’ fundraising arm has released an ad portraying the congressman as a baby — the infant on the cover of Nirvana’s “Nevermind” album, no less. In a new...

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General David Petraeus speaks during a Senate Armed Services Committee confirmation hearing for reappointment and commander of the U.S. Forces in Afghanistan in Washington, D.C.

Photograph by Andrew Harrer/Bloomberg

General David Petraeus speaks during a Senate Armed Services Committee confirmation hearing for reappointment and commander of the U.S. Forces in Afghanistan in Washington, D.C.

Crowdfunding Site Offers Professor Petraeus as Prize

First it was Mark Sanford running for Congress. Then it was Anthony Weiner floating a New York City mayoral campaign. Now, David Petraeus is putting himself out there post-scandal — as both a university professor and one lucky philanthropist’s work0ut buddy. Former...

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The Washington Monument stands behind cherry trees blossoming in Washington, D.C.

Photograph by Andrew Harrer/Bloomberg

The Washington Monument stands behind cherry trees blossoming in Washington, D.C.

Obama’s Budget Handoff: $3.8 Trillion Grande

Updated 2:35 pm The Office of Management and Budget hands out President Barack Obama’s 2014 budget in a Starbucks as the sun comes up. It’s 6:35 am, and a dozen reporters are gathered in downtown Washington, waiting for an OMB...

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