For all the talk about averting any default on U.S. debt, this is personal for the president. President Barack Obama holds between $1 million and $5 million in Treasury notes, according to his personal financial disclosure released by the White...
Read more »
Photograph by Chip Somodevilla/Getty Images
President Barack Obama walks across the South Lawn while departing the White House on May 13, 2013.
Obama’s U.S. Debt: $1 Million-Plus in Treasury Notes, Disclosure Shows
Photograph by Simon Dawson/Bloomberg
Jacob "Jack" Lew, U.S. treasury secretary, arrives to attend the Group of Seven (G-7) finance ministers and central bank governors meeting at Hartwell House in Aylesbury, U.K., on May 10, 2013.
Lew Urges G-7 to Focus on Growth
U.S. Treasury Secretary Jacob J. Lew took his plea for stronger global economic growth to a British country house hotel where Louis XVIII, the exiled king of France, stayed for five years. Lew is urging Group of Seven finance ministers...
Read more »
Photograph by Jonathan Alcorn/Bloomberg
Charles Evans, president and chief executive officer of the Federal Reserve Bank of Chicago.
Evans to Fed Skeptics: QE Working
With characteristic vigor, Federal Reserve Bank of Chicago President Charles Evans had a message today for skeptics of the central bank’s unprecedented stimulus measures known as quantitative easing. From auto loans to mortgages and employment, all signs are pointing to...
Read more »
Photograph by Spencer Platt/Getty Images
A trader on the floor of the New York Stock Exchange at the end of the trading day on May 7, 2013.
Bloomberg by the Numbers: 15,056.2
That’s where the Dow Jones Industrial Average closed yesterday, marking the first time the index finished above 15,000. The Dow, a price-weighted average of 30 blue-chip stocks, rose 87.31 points. The Standard and Poor’s 500 Index rose 0.5 percent to...
Read more »
Photograph by Joe Raedle/Getty Images
People looking for work stand in line during a job fair at the Miami Dolphins Sun Life stadium on May 2, 2013 in Florida.
Fed Holding Benchmark Rate Near Zero Until 2016: Analysts
The Federal Reserve will hold its benchmark interest rate near zero, where it has been since December 2008, until early 2016 even as the jobless rate falls. That’s the conclusion of economists at Goldman Sachs Group Inc. in New York....
Read more »
Photograph by Nicholas Roberts/AFP via Getty Images
This September 15, 2008 file photo shows the sign for Lehman Brothers headquarters in New York.
Dodd-Frank’s Missing Link
Many critics of the Dodd-Frank financial regulatory overhaul will say that the bill’s biggest shortcoming is its failure to reduce the size of the largest banks — the ones that are “Too Big To Fail.” Federal Reserve Governor Daniel Tarullo,...
Read more »
Photograph by Jin Lee/Bloomberg
Ron Johnson, chief executive officer of J.C. Penney Co., arrives at State Supreme court in New York, on March 1, 2013.
Bloomberg By the Numbers: 1,795
Ron Johnson, the former chief executive officer of J.C. Penney Co., received a compensation package 1,795 times higher than the average wage and benefits of a U.S. department store worker, according to data compiled by Bloomberg. Such disparities are why...
Read more »
Photograph by Ken Cedeno/Bloomberg
Retired Army General David Petraeus, pictured as the top U.S. commander in Iraq, in 2007.
Petraeus ‘All In’ for Private Equity?
KKR & Co. the private-equity firm run by Henry Kravis and George Roberts, is in discussions with former Central Intelligence Agency Director David Petraeus about a role at the company, according to a person with knowledge of the talks....
Read more »
Photograph by Ty Wright/Bloomberg
Home sales at the River Valley Highlands neighborhood in Lancaster, Ohio.
Home-buying? Forgo College
If you want to own a house, it may pay to be less educated. Homeownership rates among 30-year-olds with student debt plunged in 2012 more than for those without, according to an analysis published today by researchers at the New...
Read more »
Photograph by Mark J. Terrill/AP Photo
A cyber security analyst works in the "watch and warning center" during a tour of the government’s cyber defense lab in Idaho Falls, Idaho.
Rockefeller Seeks SEC Guidance: ‘Insufficient’ Cybersecurity Reporting
A Senate leader is asking the new Securities and Exchange Commission chairman to give more authoritative guidance to companies on disclosing cyber attacks, calling reporting so far “insufficient.” “While the staff guidance has had a positive impact on the information...
Read more »
Contributors
-
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.
