A report on a Senate committee’s probe of JPMorgan’s record loss last year by a trader known as “The Whale” will be released today. The flawed bet on credit derivatives cost the company more than $6.2 billion and stained Chief...
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Photograph by Victor J. Blue/Bloomberg
Workers raise a JPMorgan Chase & Co. flag at company headquarters in New York.
Washington Daybook: Whale Watching
Photograph by Spencer Platt / Getty Images
A trader on the floor of The New York Stock Exchange on March 5, 2013. The Dow Jones industrial average rallied to a record high on Tuesday to close for the day at 14,253.77, beating its old 2007 record.
Bloomberg by the Numbers: 65
That’s how many months it took for the Dow Jones Industrial Averageto top its previous closing record. The Dow, a price-weighted average of 30 blue-chip stocks, rose 125.95 points to close yesterday at 14,253.77, rising above the previous closing...
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Photograph by Seth Wenig/AP Photo
A trader works on the floor at the New York Stock Exchange on Feb. 27, 2013.
Bloomberg by the Numbers: 14,075.37
That’s where the Dow Jones Industrial Average closed yesterday, its highest level since October 2007. The Dow added 175.24 points and closed within 90 points of its record. The advance was led by JP Morgan Chase & Co., Caterpillar Inc.,...
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Photograph by John Lund/Getty Images
Bloomberg by the Numbers: $141.3 Billion
That was the net income for U.S. banks in 2012, the second-best year on record, according to the Federal Deposit Insurance Corporation. Banks reported fourth-quarter net income of $34.7 billion, according to the FDIC’s Quarterly Banking Profile, Bloomberg’s Jesse Hamilton...
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Photograph by Patrick Semansky/AP Photo
Darcia Anthony, left, and Danielle Williams react after participating in a wedding ceremony at City Hall in Baltimore, on Jan. 1, 2013.
Republican AG’s: Marriage for States
The fact that dozens of prominent Republicans are petitioning the Supreme Court to declare a constitutional right for same-sex marriage doesn’t mean that plenty of Republicans aren’t telling the high court something else. “We believe states ought to have the...
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Photograph by J. Scott Applewhite/AP Photo
Speaker of the House John Boehner heads into a closed-door strategy session with GOP members at the Capitol.
New House Fiscal Year: Three Months
Updated at 2:25 pm EST The fiscal year in Washington is yielding, it appears, to the political quarter. House Republicans plan a vote next week on a three-month extension of U.S. borrowing authority, in an attempt to force the Democratic-run...
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Photograph by Pablo Martinez Monsivais/AP Photo
House Speaker John Boehner (left) and President Barack Obama during their 2011 meetings about the debt ceiling and budgets.
Obama: No `Ransom’ for Debt Ceiling
Updated at 12:15 pm EST President Barack delivered a stern warning today to congressional Republicans — make that the House — about the looming debate over raising the nation’s debt ceiling. It’s not a question of permitting new spending, Obama...
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Photograph by Erik S. Lesser/EPA via Corbis
Steve Bartlett, president and CEO of The Financial Services Roundtable, moderates a panel discussion on free enterprise, capitalism and emerging markets for the 2012 HOPE Global Financial Dignity Summit.
Financial Roundtable’s Bartlett Joins Levick Consulting Firm
Steve Bartlett, the longtime president and chief executive officer of the Financial Services Roundtable, has landed at Levick, a communications firm that has represented clients ranging from Rosie O’Donnell to the Principality of Liechtenstein. Bartlett, a 65-year-old Texan, presided over...
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Photograph by The White House via AP Photo
Lew Throwing Cabinet Watchers for a Loop
Updated at 1:55 pm EDT Jack Lew’s signature signature is throwing some people for a loop. Reviews of the Hancock of the man likely to become the next secretary of the U.S. Treasury range from “awful” to ”awesome.” Deconstructing it,...
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Photograph by Paul J. Richards/AFP via Getty Images
Alexander Hamilton, the U.S.'s first Treasury secretary, at left here on the ten dollar bill.
Bloomberg by the Numbers: 75
That’s how many Treasury secretaries have served the nation since the office was established in 1789. President Barack Obama today will nominate White House Chief of Staff Jack Lew to succeed Treasury Secretary Timothy F. Geithner, Bloomberg’s Hans Nichols first...
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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.
