Photograph by Andrew Harrer/Bloomberg
A deckhand washes a yacht that is docked in the Sag Harbor Bay in Sag Harbor, New York.
Bloomberg by the Numbers: $443,910
That’s how much more the top 0.1 percent of taxpayers, on average, will pay in taxes under the budget deal, according to the nonpartisan Tax Policy Center. Folks with incomes over about $2.7 million would see their after-tax incomes reduced by 8.4 percent. They...
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Photograph by Brendan Hoffman/Pool via Bloomberg
President Barack Obama and Vice President Joseph Biden depart after speaking in the Brady Press Briefing Room at the White House in Washington on Jan. 1, 2013.
Biden-McConnell: Remembering Compromise
“Simply put, they remember a day when politicians compromised.” That’s Jared Bernstein, the vice president’s former chief economist, talking about Joe Biden and his dance partner on the fiscal cliff deal, Senate Republican Leader Mitch McConnell. Bloomberg’s Margaret Talev and...
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Photograph by Sam Hodgson/Bloomberg
Workers build a house in Rancho Santa Fe, California.
Bloomberg by the Numbers: 2%
That’s how much economists predict the U.S. GDP will expand in 2013, according to the median of 86 projections compiled by Bloomberg. Growth will slow down from 2.2 percent in 2012, as the federal government seeks to rein in its...
Read more »Bloomberg by the Numbers: 27.72
That’s how many points the Standard & Poor’s 500 Index fell last week, or 1.9 percent, the biggest weekly drop in almost two months. The year-end deadline is here for Congress and the president to find some way to avert...
Read more »Durbin: Long List of Sticking Points
So what’s the fiscal sticking point? The list from Illinois Senator Dick Durbin, the second-ranking Democrat, begs the question: what’s NOT the sticking point? Here is Durbin’s list of unresolved issues: the income threshold at which tax rates would rise,...
Read more »Bloomberg by the Numbers: 28 Mln
That’s how many more American households will have to pay the alternative minimum tax if the president and Congress can’t reach a deal. The AMT, a parallel tax structure originally designed to prevent high-income households from legally escaping the income...
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Photograph by Sasha Weleber/Getty Images
Congress is coming back today, looking to find a solution to avoid more than $600 billion in tax increases and spending cuts that start Jan. 1, 2013.
Bloomberg by the Numbers: 1.79%
That’s the average annual yield on the benchmark 10-year Treasuries, and it’s the lowest average on record. Congress is coming back today, looking to find a solution to avoid more than $600 billion in tax increases and spending cuts that...
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Photograph by Victor J. Blue/Bloomberg
Not as many shopping bags as expected, per the past year's holiday spending.
Bloomberg by the Numbers: 0.7%
That’s how much U.S. holiday sales rose this year — less than half the pace of a year ago when purchases went up 2 percent, according to MasterCard Advisors SpendingPulse. Pundits called it “Cliffmas” this year and it seems that...
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Photograph by Andrew Harrer/Bloomberg
Ben S. Bernanke, chairman of the U.S. Federal Reserve.
Bernanke Unhappy Mortgage Rates Aren’t Even Lower
By Caroline Salas Gage, Jody Shenn and Heather Perlberg Record-low mortgage rates aren’t cheap enough for Federal Reserve Chairman Ben S. Bernanke. Bloomberg reports that the Fed is buying $45 billion of Treasuries and $40 billion of mortgage-backed securities each...
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Photograph by Ty Wright/Bloomberg
Inventory at a warehouse in Avon, Ohio.
Forget Retail Sales. Inventories Now Worth a Look?
Most of the talk around economic indicators today surrounds the better-than-expected and broader-than expected gain in U.S. retail sales. Don’t miss out on another stat today with a telling story. Inventories rose at a slower pace in August, one indicator that sales...
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Contributors
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Al Hunt
is a columnist for Bloomberg View and host of the weekly show "Political Capital with Al Hunt" on Bloomberg TV. -
Mark Silva
is deputy managing editor for government news in Washington and editor of Political Capital. He has covered the White House and national politics. -
Emma Fidel
is political editor for Bloomberg.com in Washington. She previously covered financial regulation as a Bloomberg intern. -
Don Frederick
edits political and government coverage for Bloomberg News. He previously worked for more than a decade at the Los Angeles Times' Washington bureau. -
Gregory Giroux
analyzes elections, financing of congressional and presidential elections, political advertising and demographics in Bloomberg's Washington Bureau. -
Julie Bykowicz
covers the influence of money and lobbying in Washington, and covered the state legislature and city crime for the Baltimore Sun for 10 years. -
Jonathan Salant
covers campaign finance and lobbying in Washington. He was president of the National Press Club and started in Washington in 1987. -
Richard Rubin
covers federal tax policy. He worked at Congressional Quarterly and The Charlotte Observer before joining Bloomberg News in 2010. -
Julie Hirschfeld Davis
is a senior political reporter for the Washington Bureau. She covered the 2012 campaign for Bloomberg News and previously covered the White House for the Baltimore Sun. -
Lisa Lerer
covers the White House and covered the 2012 campaign for Bloomberg News. She covered Congress, lobbying and the 2008 campaign for Politico. -
John McCormick
is a national political reporter looking forward to the 2016 presidential campaign, which will be the fifth he's covered. He's also reported for The Des Moines Register and Chicago Tribune. -
Julianna Goldman
covers the White House for Bloomberg News and Bloomberg Television. -
Hans Nichols
covers the White House for Bloomberg News and Bloomberg Television. -
Margaret Talev
covers the White House for Bloomberg News and covered the White House for McClatchy Newspapers. She has covered California and Florida politics. -
Cary O'Reilly
is Editor at Large at Bloomberg First Word and is Washington Daybook columnist for Bloomberg Government and Bloomberg News.
