Political Capital
People stand behind a barricade while they wait to catch a glimpse of Britain's Prince Harry, who is expected to visit Casino Pier during a tour of the area hit by Superstorm Sandy, on May 14, 2013, in Seaside Heights, N.J.

Photograph by Julio Cortez/AP Photo

People stand behind a barricade while they wait to catch a glimpse of Britain's Prince Harry, who is expected to visit Casino Pier during a tour of the area hit by Superstorm Sandy, on May 14, 2013, in Seaside Heights, N.J.

Prince Harry: Jersey Shore Open for Business Post-Sandy

After the biggest Atlantic storm on record struck the New Jersey shore last October, Seaside Heights Mayor William Akers was asked repeatedly if the town would rebuild in time to welcome summer tourists. “Oh, no problem,”he’d reply. “The truth of the...

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Congressional Budget Office Director Douglas Elmendorf is reflected on a table as he speaks about the office's annual Budget and Economic Outlook during a news conference at the Ford House Office Building in Washington.

Photograph by Jacquelyn Martin/AP Photo

Congressional Budget Office Director Douglas Elmendorf is reflected on a table as he speaks about the office's annual Budget and Economic Outlook during a news conference at the Ford House Office Building in Washington.

Bloomberg by the Numbers: 32%

That’s how much the federal budget deficit fell in the first seven months of fiscal year 2013 compared to the same period a year earlier. The government ran a deficit of $489 billion from October 2012 to April 2013 on...

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Technicians stand in front of a large television screen as it displays footage of cookies bearing the image of President Barack Obama prior to an election night rally in Chicago, Illinois, on Nov. 6, 2012.

Photograph by Daniel Acker/Bloomberg

Technicians stand in front of a large television screen as it displays footage of cookies bearing the image of President Barack Obama prior to an election night rally in Chicago, Illinois, on Nov. 6, 2012.

Obama, Romney Vote Totals Still Changing

Six months after the 2012 presidential election, you’d think we’d know for sure how many votes President Barack Obama and Republican challenger Mitt Romney received. It turns out, though, that exact numbers are still elusive because of late revisions to...

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Pedestrians carrying shopping bags cross the street in the Georgetown neighborhood of Washington, D.C.

Photograph by Andrew Harrer/Bloomberg via Getty Images

Pedestrians carrying shopping bags cross the street in the Georgetown neighborhood of Washington, D.C.

Consumer Spending Off to Unexpected Good Start

Americans shopped for more clothing, electronics and sporting goods and frequented more restaurants in April, leading to an unexpected 0.1 percent gain in total receipts, according to a Commerce Department report. Economists today raised tracking estimates for consumer spending for the...

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Prince Harry talks to staff Sergeant Timothy Payne, right, during his visit to the Military Advanced Training Center at Walter Reed National Military Medical Center treating wounded soldiers undergoing physical therapy on May 10, 2013 in Bethesda, Maryland.

Photograph by John Stillwell - Pool /Getty Images

Prince Harry talks to staff Sergeant Timothy Payne, right, during his visit to the Military Advanced Training Center at Walter Reed National Military Medical Center treating wounded soldiers undergoing physical therapy on May 10, 2013 in Bethesda, Maryland.

Washington Daybook: Coming and Going

With nice weather comes the visitors. U.K. Prime Minister David Cameron follows Prince Harry in town today. Cameron meets with President Barack Obama at the White House. Later, Obama heads to New York where he’ll headline a $32,400-a-person evening fundraiser...

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A bilingual sign stands outside a polling center in Texas.

Photograph by by John Moore/Getty Images

A bilingual sign stands outside a polling center in Texas.

Bloomberg by the Numbers: 48%

That’s the share of eligible Hispanics who voted in the 2012 presidential election. The voter turnout rate among Hispanics — a burgeoning bloc that leans Democratic — fell from 49.9 percent in 2008, when President Barack Obama won his first...

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Tea Party supporters cheer at the Tea Party Unity Rally ahead of the Republican National Convention, in Tampa, Florida.

Photograph by Robyn Beck/AFP via Getty Images

Tea Party supporters cheer at the Tea Party Unity Rally ahead of the Republican National Convention, in Tampa, Florida.

IRS Apology Draws Twitter Scorn

The Internal Revenue Service apologized for extra scrutiny of Tea Party groups this morning, sending Washington into a Twitter tizzy. Lois Lerner, the IRS’s director of exempt organizations, said at a conference the tax agency improperly flagged some anti-tax groups for...

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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.

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...

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