Political Capital

Housing

Potential home buyers attend an open house in Seattle on July 20, 2014.

Photograph by Mike Kane/Bloomberg

Potential home buyers attend an open house in Seattle on July 20, 2014.

Bloomberg by the Numbers: 5.04 Million

Sales of previously owned U.S. homes rose 2.6 percent to a 5.04 million annual rate in June. That’s the highest level in eight months, according to data from the National Association of Realtors. “Historically low interest rates and smaller price...

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A homeless woman packs her belongings under heavy rain in downtown Washington DC.

Photograph by Mladen Antonov/AFP via Getty Images

A homeless woman packs her belongings under heavy rain in downtown Washington DC.

Jarrett: Housing the Homeless

While President Obama deals with a host of troublesome foreign policy issues this week, senior adviser Valerie Jarrett took time to talk about an issue closer to home and the heart: Homelessness. “This is the highlight of my day,” she...

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Home construction in Wesley Chapel, Florida.

Photograph by Ty Wright/Bloomberg

Home construction in Wesley Chapel, Florida.

Bloomberg by the Numbers: 49

The National Association of Home Builders sentiment gauge rose to 49 this month from 45. It’s the biggest jump in the index since last July, as Bloomberg’s Shobhana Chandra reports here. “That long and harsh winter, which seemed to have...

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Julian Castro, mayor of San Antonio, waves before speaking at the Democratic National Convention in Charlotte on Sept. 4, 2012.

Photograph by Scott Eells/Bloomberg

Julian Castro, mayor of San Antonio, waves before speaking at the Democratic National Convention in Charlotte on Sept. 4, 2012.

Castro’s ‘Bootstraps’: American Dream

When Julian Castro delivered the keynote address at the Democratic National Convention two years ago, he didn’t talk about his role as an Hispanic leader in American politics. He spoke of being “a young American, a proud American, of a...

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Senator John McCain, a Republican from Arizona, during an interview in Washington D.C.

Photograph by Julia Schmalz/Bloomberg

Senator John McCain, a Republican from Arizona, during an interview in Washington D.C.

McCain’s Yellen No-Vote: Math Underwater

Sen. John McCain says he will oppose Janet Yellen for Federal Reserve chair. The Republican senator from Arizona gave this reason today for opposing the current vice chair of the Fed to succeed outgoing Chairman Ben Bernanke: “Because of what’s...

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Representative Mel Watt, a Democrat from North Carolina and U.S. President Barack Obama's nominee as director of the Federal Housing Finance Agency (FHFA), during a Senate Banking Committee nominations hearing in Washington, D.C., on June 27, 2013.

Photograph by Andrew Harrer/Bloomberg

Representative Mel Watt, a Democrat from North Carolina and U.S. President Barack Obama's nominee as director of the Federal Housing Finance Agency (FHFA), during a Senate Banking Committee nominations hearing in Washington, D.C., on June 27, 2013.

Watt’s Housing Fate Rests with Obama: Republican Burr Says

The fate of any renewed effort to confirm North Carolina Democratic House member Mel Watt to lead the federal agency that oversees Fannie May and Freddie Mac rests with the White House, Watt’s home-state Republican senator says. “That’s up to...

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White House Press Secretary Jay Carney at the White House.

Photograph by Mark Wilson/Getty Images

White House Press Secretary Jay Carney at the White House.

Carney’s ‘Talking Points:’ ‘Politics’

“Talking points have been given a bad name.” – Jay Carney, White House spokesman. He who deals in the daily dissemination of talking points laughed today as he delivered that line in the White House press briefing room, while delivering...

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Chairman and CEO of Lehman Brothers Richard Fuld Jr. gets into his car as he is followed by protesters after a hearing before the House Oversight and Government Reform Committee on Capitol Hill on October 6, 2008 in Washington, DC.

Photograph by Alex Wong/Getty Images

Chairman and CEO of Lehman Brothers Richard Fuld Jr. gets into his car as he is followed by protesters after a hearing before the House Oversight and Government Reform Committee on Capitol Hill on October 6, 2008 in Washington, DC.

Obama: Republicans Stand to Worsen ‘Winner-Take-All-Economy’

Updated at 5:22 pm EDT The U.S. has recovered from “a perfect storm” of economic catastrophies, President Barack Obama said today. While “a new foundation” has been laid, he said, much remains to be done about the economic disparities of...

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South Carolina Governor Nikki Haley waves on stage during the second day of the 40th annual Conservative Political Action Conference (CPAC) on March 15, 2013 in National Harbor, Maryland.

Photograph by Alex Wong/Getty Images

South Carolina Governor Nikki Haley waves on stage during the second day of the 40th annual Conservative Political Action Conference (CPAC) on March 15, 2013 in National Harbor, Maryland.

Nikki Haley’s Robed Lock-Out: Democrats Decry ‘Transparency’

On Twitter, all appeared well at the South Carolina governor’s mansion: Feel like I’ve worked a full day just getting the kids out the door! The things we do to make sure our kids get a good start. Good morning!...

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