Political Capital

Finance

A General Electric Co. plant in Montrose, U.K.

Photograph by Simon Dawson/Bloomberg

A General Electric Co. plant in Montrose, U.K.

Bloomberg by the Numbers: $13 Billion

General Electric Co. may pay more than $13 billion to acquire the French company Alstom SA. Bloomberg News first reported the news yesterday. Here’s the story by Aaron Kirchfeld, Matthew Campbell and Jeffrey McCracken. “GE had cash and equivalents of...

Read more »

Elizabeth Warren in Washington, D.C.

Photograph by Joshua Roberts/Bloomberg

Elizabeth Warren in Washington, D.C.

Warren Report: Made Obama ‘Nervous’

President Barack Obama once told Elizabeth Warren, creator of the consumer protection agency, that she was making Wall Street bankers and Senate Republicans “very nervous.” So writes Warren, the first female senator from Massachusetts, in a memoir recounting many things...

Read more »

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...

Read more »

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...

Read more »

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...

Read more »

The Fisker Karma's solar roof, made by Quantum Fuel Systems Technologies Worldwide, Inc., along with Asola of Germany during the Los Angeles Auto show on Nov. 29, 2012.

Photograph by Kevork Djansezian/Getty Images

The Fisker Karma's solar roof, made by Quantum Fuel Systems Technologies Worldwide, Inc., along with Asola of Germany during the Los Angeles Auto show on Nov. 29, 2012.

China Billionaire Profits While U.S. Taxpayers Lose With Fisker

To hear the U.S. Department of Energy tell it, extracting $25 million for a busted loan to failed electric carmaker Fisker Automotive was a coup that cut the government’s loss to a more manageable amount. Now, a sizable chunk of...

Read more »

An attendee during the Inside Bitcoins conference in New York on April 7, 2014.

Photograph by Jin Lee/Bloomberg

An attendee during the Inside Bitcoins conference in New York on April 7, 2014.

Bitcoin, Pot Ripe for Congressional Action — (Don’t Hold Your Breath)

Bitcoin and marijuana are among the issues on which Congress should provide clarity — though probably won’t this year — Rep. Jared Polis says. “In general, it’s better for Congress to reasonably consider these things and provide a uniform statutory...

Read more »

Frank: High-Frequency Trading Deserves Congressional Hearings

Flash: Former House Financial Services Chairman Barney Frank says Congress should hold hearings into high-frequency trading to see if the “transformative” technology has out-stripped the federal government’s regulations intended to police it. “I think there should be serious inquiries,” the...

Read more »

Senator Sherrod Brown, a Democrat from Ohio, in Washington, D.C.

Photograph by Brendan Hoffman/Bloomberg

Senator Sherrod Brown, a Democrat from Ohio, in Washington, D.C.

Brown: Banking Bill Moribund — Boehner ‘Speaker of Tea Party’

Sen. Sherrod Brown, co-sponsor of a bill to prevent any one financial institution from growing so large that it could jeopardize the economy or require another federal bailout, sees little likelihood of anything passing this year — not his plan,...

Read more »