Political Capital
A deckhand washes a yacht that is docked in the Sag Harbor Bay in Sag Harbor, New York.

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...

Read more »

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.

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...

Read more »





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.

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...

Read more »

Not as many shopping bags as expected, per the past year's holiday spending.

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...

Read more »

Ben S. Bernanke, chairman of the U.S. Federal Reserve.

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...

Read more »