Political Capital

Economy

Maria Bartiromo, anchor for CNBC Inc., center, during a panel discussion at the annual Milken Institute Global Conference in Beverly Hills on April 30, 2012.

Photograph by Patrick Fallon/Bloomberg

Maria Bartiromo, anchor for CNBC Inc., center, during a panel discussion at the annual Milken Institute Global Conference in Beverly Hills on April 30, 2012.

Bartiromo Italy-Bound: Prize Winner

Operatic arias, risotto and a crowd of 200 greeted journalist Maria Bartiromo last night at the Italian Embassy,where she was awarded the 2014 Urbino Press Award. Bartiromo, an anchor and global markets editor for Fox News, is the first finance...

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Rep. Paul Ryan (R-WI), House Budget Committee Chairman, speaks during the American Conservative Union Conference on March 6, 2014 in National Harbor, Maryland.

Photograph by Brendan Smialowski/AFP via Getty Images

Rep. Paul Ryan (R-WI), House Budget Committee Chairman, speaks during the American Conservative Union Conference on March 6, 2014 in National Harbor, Maryland.

Ryan’s $4 Million: House’s Biggest

Paul Ryan has the biggest campaign fund in the  House, at more than $4 million. It’s not hard to explain why. The Wisconsin Republican was Mitt Romney’s running mate on the party’s 2012 presidential ticket. He leads the House Budget Committee...

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Detroit Emergency Manager Kevyn Orr's spokesman Bill Nowling speaks to reporters outside of the Theodore Levin U.S. Courthouse in Detroit on July 24, 2013.

Photograph by Jeff Kowalsky/Bloomberg

Detroit Emergency Manager Kevyn Orr's spokesman Bill Nowling speaks to reporters outside of the Theodore Levin U.S. Courthouse in Detroit on July 24, 2013.

Detroit’s ‘Pennybags’ Idol of People?

The situation in Detroit has been serious for quite some time, at the very least since the city filed a record U.S. municipal bankruptcy in July. So after Emergency Manager Kevyn Orr finally reached a settlement with some bondholders last...

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Seasonal worker Steven Flagg, dressed in a Statue of Liberty costume, holds a sign for a nearby Liberty Tax Service franchise location in Louisville, Kentucky, on April 12, 2014.

Photograph by Luke Sharrett/Bloomberg

Seasonal worker Steven Flagg, dressed in a Statue of Liberty costume, holds a sign for a nearby Liberty Tax Service franchise location in Louisville, Kentucky, on April 12, 2014.

Bloomberg by the Numbers: $1,259

    Each U.S. taxpayer would have to pay $1,259 on average to recoup revenue lost to corporations and individuals who use offshore tax havens.  ”The United States loses approximately $184 billion in federal and state revenue each year due...

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Customers check out at a Costco Wholesale Corp. store in San Francisco

Photograph by David Paul Morris/Bloomberg

Customers check out at a Costco Wholesale Corp. store in San Francisco

Good News for Fed, Less So For Average Joe

Federal Reserve policy makers may be breathing a tad easier today after the Bureau of Labor Statistics’ consumer price report showed diminishing odds of deflation. Higher costs for food and rent helped boost consumer prices 0.2 percent in March, the...

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Richard Trumka, president of the AFL-CIO, during an interview in Washington, D.C., on March 11, 2014

Photograph by Andrew Harrer/Bloomberg

Richard Trumka, president of the AFL-CIO, during an interview in Washington, D.C., on March 11, 2014

U.S. CEOs Made 331 Times Average Worker, Says AFL-CIO

April 15 is known across America as a day of reckoning, when many workers must fork over unpaid taxes. AFL-CIO President Richard Trumka says that for corporate executives, tax day “represents making massive sums of money from the sacrifice of others.”...

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Copies of the Fiscal Year 2014 Budget at the U.S. Government Printing Office in Washington, D.C.

Photograph by Andrew Harrer/Bloomberg

Copies of the Fiscal Year 2014 Budget at the U.S. Government Printing Office in Washington, D.C.

Bloomberg by the Numbers: 2.8%

    The federal budget deficit will be 2.8 percent of gross domestic product this fiscal year, according to a Congressional Budget Office projection.  That would mark a decline in the deficit from 4.1 percent of the economy in fiscal...

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Rep. Ed Whittfield, Connie Whitfield and Amb. Francois Delattre.

Photograph by Stephanie Green/Bloomberg

Rep. Ed Whittfield, Connie Whitfield and Amb. Francois Delattre.

Ambassadors’ Mansions are Jewels of Washington’s Embassies

The biggest jewel in the crown of some Washington embassies is the ambassador’s residence, especially the mansions owned by Great Britain, Italy, and France where diplomats can entertain a wide swath of capital elites in style. Getting an invite to...

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Employees work on the assembly line installing parts on the Duratech 35 V6 engine at the Ford Motor Co. Engine Plant in Lima, Ohio, U.S. on Friday, March 28, 2014. Ford announced it will invest $500 million to upgrade the plant to support production of the new 2.7-liter EcoBoost designed for 2015 F-150.

Photograph by Ty Wright/Bloomberg

Employees work on the assembly line installing parts on the Duratech 35 V6 engine at the Ford Motor Co. Engine Plant in Lima, Ohio, U.S. on Friday, March 28, 2014. Ford announced it will invest $500 million to upgrade the plant to support production of the new 2.7-liter EcoBoost designed for 2015 F-150.

Bloomberg by the Numbers: 74

It took 74 months for U.S. private employment to exceed the pre-recession peak of 116 million in January 2008. Payrolls excluding government agencies rose by 192,000 workers in March, bringing total private employment to 116.1 million, according to the Labor...

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A journalist drives a Toyota i-Road in Tokyo.

Photograph by Yoshikazu Tsuno/AFP via Getty Images

A journalist drives a Toyota i-Road in Tokyo.

Toyota Keeping Lawmakers Happy

Tired of waiting to (finally) get your turn to question that Obama administration official at your subcommittee hearing? Bored of floor debates on bills that will never go anywhere? Toyota has a solution for you, just a few blocks away...

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