Bloomberg

News Opinion Markets Personal Finance Tech Politics Sustainability TV Video Radio

Political Capital

Capitol Hill

A vehicle and the surround buildings burn after they were set on fire inside the U.S. consulate compound in Benghazi late on September 11, 2012.

Photograph by STR/AFP via Getty Images

A vehicle and the surround buildings burn after they were set on fire inside the U.S. consulate compound in Benghazi late on September 11, 2012.

Charge of the Obama Brigade: IRS, Benghazi, Reporters

President Barack Obama, addressing a live television audience from the White House, said the commissioner in charge of the IRS has been removed following the agency’s targeted scrutiny of conservative groups. “The misconduct uncovered is inexcuseable,” Obama said in a...

Read more »

A customer browses shoes at a Coach Inc. store in New York.

Photograph by Victor J. Blue/Bloomberg

A customer browses shoes at a Coach Inc. store in New York.

Payroll Tax Cut Most Paychecks: Survey

The outlook for consumer spending may hinge on what 55 percent of American households do next. That’s the share of respondents who noticed their paychecks had gotten smaller at the start of the year when the payroll tax reverted to...

Read more »

President Barack Obama and Attorney General Eric Holder, right, stand during the National Anthem as they attend the National Peace Officers Memorial Service, an annual ceremony honoring law enforcement who were killed in the line of duty in the previous year, on May 15, 2013.

Photograph by Saul Loeb/AFP via Getty Images

President Barack Obama and Attorney General Eric Holder, right, stand during the National Anthem as they attend the National Peace Officers Memorial Service, an annual ceremony honoring law enforcement who were killed in the line of duty in the previous year, on May 15, 2013.

Obama Thinks First, Acts Later: Carney

Has President Barack Obama not made his objections about the Internal Revenue Service’s handling of conservative groups seeking tax-exempt status clear enough — as well as what he intends to do about it? The White House is getting roundly criticized...

Read more »

White House press secretary Jay Carney, rear, is seen on a television monitor during his daily news briefing at the White House.

Photograph by Pablo Martinez Monsivais/AP Photo

White House press secretary Jay Carney, rear, is seen on a television monitor during his daily news briefing at the White House.

Carney: ‘Scandals Metastasize’ — in the Industrial-Scandal Complex

In Washington, it’s often more the cover-up than the scandal that undoes a president. “And when it’s over, we’ll be hard-pressed to remember how it began.” So wrote Jay Carney, then a correspondent for Time magazine, in 2007, in the...

Read more »

Copies of the Obama Administration's proposed FY 2014 federal budget at the Government Printing Office Book Store on April 10, 2013 in Washington, DC.

Photograph by Chip Somodevilla/Getty Images

Copies of the Obama Administration's proposed FY 2014 federal budget at the Government Printing Office Book Store on April 10, 2013 in Washington, DC.

Bloomberg by the Numbers: $642 Bln

That’s the projected budget deficit for fiscal 2013, according to the Congressional Budget Office. That projection is about $200 billion below the $845 billion estimate that CBO released in February. The decrease is “mostly as a result of higher-than-expected revenues...

Read more »

The Internal Revenue Service (IRS) building in Washington, D.C.

Photograph by Andrew Harrer/Bloomberg

The Internal Revenue Service (IRS) building in Washington, D.C.

Holder: Justice Investigating IRS

Written with Richard Rubin and Phil Mattingly Attorney General Eric Holder said today that the Justice Department has opened an investigation of the IRS’s examination of conservative political organizations to see if any crimes were committed. Yet he said he...

Read more »

Rep. Joe Sestak (D-PA), standing onstage with his wife Susan and daughter Alex, concedes the Pennsylvania Senate race to Republican Pat Toomey November 3, 2010 at the Radnor Hotel in St. Davids, Pennsylvania.

Photograph by William Thomas Cain/Getty Images

Rep. Joe Sestak (D-PA), standing onstage with his wife Susan and daughter Alex, concedes the Pennsylvania Senate race to Republican Pat Toomey November 3, 2010 at the Radnor Hotel in St. Davids, Pennsylvania.

Sestak Eyes Pennsylvania Comeback — in 2016

Just six months have passed since the last election and 18 months remain until the next one in November 2014. Pennsylvania Democrat Joe Sestak already is planning for the election after that. Sestak, a former House member who lost a...

Read more »

Immigrant workers package freshly-picked organic persimmons in Santa Cruz, California.

Photograph by Ryan Anson/Bloomberg

Immigrant workers package freshly-picked organic persimmons in Santa Cruz, California.

Too Few Hands for Hand-Picked Fruit?

Bill Landreth bought a second tractor as Berries by Bill Inc. sold more melons, sweet corn and strawberries. He also expanded to 200 the acreage of his Newport, Arkansas, farm devoted to the fruits and vegetables, though that’s where the growth...

Read more »

Right fielder Bryce Harper, #34 of the Washington Nationals, walks off the field with trainer Lee Kuntz as he bleeds from the neck after running into the wall chasing a triple hit by A.J. Ellis of the Los Angeles Dodgers in the fifth inning at Dodger Stadium on May 13, 2013.

Photograph by Stephen Dunn/Getty Images

Right fielder Bryce Harper, #34 of the Washington Nationals, walks off the field with trainer Lee Kuntz as he bleeds from the neck after running into the wall chasing a triple hit by A.J. Ellis of the Los Angeles Dodgers in the fifth inning at Dodger Stadium on May 13, 2013.

Bryce Harper: Congressional Harmony ala Washington Nationals

The injured Bryce Harper, the Washington Nationals’ prolific outfielder, can add another accomplishment to his budding career – bringing Democrats and Republicans together. Majority Leader Harry Reid opened the Senate this morning with news that “the Republican leader and I...

Read more »