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...
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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
Photograph by Chip Somodevilla/Getty Images
Fannie Mae's headquarters in Washington, DC.
Bloomberg by the Numbers: $17.2 Billion
That’s the net income in 2012 for Fannie Mae, the government-sponsored enterprise that buys mortgages from lenders and packages them into securities. It had profits of $7.6 billion in the three-month period ended Dec. 31. Bloomberg’s Clea Benson has more...
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Photograph by Andrey Rudakov/Bloomberg
An employee counts U.S. 100 dollar notes and 500 ruble notes, right, at the counter of an OAO Sberbank currency exchange in Moscow, Russia.
Fed Doesn’t Target Exchange Rates — But if it Did…
Ask Federal Reserve officials about their goals for the U.S. exchange rate, and they will demur. The Fed’s standard response is that the strength or weakness of the dollar is a matter for the U.S. Treasury. Yet one of the...
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Photograph by Greg Fiume/Getty Images
Stephen Strasburg #37 of the Washington Nationals pitches against the Miami Marlins at Nationals Park on September 7, 2012 in Washington, DC.
Washington Daybook: Play Ball
Congress is out on its second week of spring recess. President Barack Obama and first Lady Michelle Obama host the White House’s 135th annual Easter Egg Roll, with celebrity story-tellers, chefs and athletes. The Washington Nationals will put star pitcher Stephen...
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Photograph by John Moore/Getty Images
Traders work the floor of the New York Stock Exchange.
Bloomberg by the Numbers: 1,569.19
That was the record closing level of the Standard & Poor’s 500 Index yesterday. The S&P 500, a capitalization-weighted index of 500 stocks, rose by 0.4 percent to top its previous closing high of 1,565.15 set in October 2007. “The...
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Photograph by Chris Goodney/Bloomberg
Mexican billionaire Carlos Slim in New York.
Bloomberg by the Numbers: $2 Trillion
That’s the combined net worth of the world’s top-100 richest people included in the Bloomberg Billionaires Index. No. 1 Carlos Slim Helu alone accounts for $72.1 billion of that, the index shows. Bill Gates follows a close second at $67.2...
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Photograph by T.J. Kirkpatrick/Getty Images
Sen. Sherrod Brown, center, takes his seat beside Sen. Jon Tester and Sen Robert Menendez, right, before the confirmation hearing of Richard Cordray, nominee for director of the Consumer Financial Protection Bureau, and Mary Jo White, nominee for chair of the U.S. Securities and Exchange Commission, in the Senate Committee on Banking, Housing and Urban Affairs on March 12, 2013 in Washington, DC.
Could ‘Break Up the Banks’ Senator Take Johnson’s Spot?
Lawmakers and lobbyists in Washington are busy chewing over the possibility that one of the main advocates of breaking up the big banks could be in the running to take over the Senate Banking Committee in 2015. The current chairman...
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Photograph by Scott Eells/Bloomberg
Timothy Geithner and his wife Carole Sonnenfeld Geithner, attend the U.S. presidential inauguration in Washington on Jan. 21, 2013.
Geithner’s Profit: Asking for $45,000 — Update: Contract
Updated March 22 at 1:30 pm: It takes a Treasury secretary to turn a good investment. Former Treasury Secretary Tim Geithner is looking for a modest return on his Bethesda, Maryland, home. Geithner and his wife Carole bought the 2,537...
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Photograph by David Paul Morris/Bloomberg
A credit card to buy gasoline in San Francisco.
Plastic-Shy Youth May Find Rent Payments Key to Credit Rating
Young people are shying away from credit cards, and that’s bad news for the lending industry. Plastic has long helped America’s budding consumers prove themselves to be responsible borrowers. Thirty-nine percent of undergraduate students between the ages of 18 and...
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Photograph by Patrick Baz/AFP via Getty Images
Cypriots during a protest against an EU bailout deal outside the parliament in Nicosia on March 18, 2013.
Fed Opposed Cyprus-Like Bank Tax — in 1941
More than half a century ago, the Federal Reserve opposed the idea of a tax on bank deposits similar to the one Cyprus has imposed. It wasn’t the threat of bank runs that was the problem so much as fairness....
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Contributors
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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.
