Political Capital
Joe Biden

Photographer: Andrew Harrer/Bloomberg

Joe Biden

Biden Showing White House’s Hand on Keystone?

Was Vice President Joe Biden showing his hand — and thus the administration’s — on the Keystone Pipeline? A Sierra Club volunteer in South Carolina says Biden appeared to indicate his opposition to TransCanada Corp.’s Keystone XL in a brief conversation with her...

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Inmates, left, and former Gov. Jim McGreevey, right, laugh as New Jersey Gov. Chris Christie, second right, makes a joke while answering a question at the Hudson County Correctional Center in Kearny, N.J., on May 8, 2013.

Photograph by Mel Evans/AP Photo

Inmates, left, and former Gov. Jim McGreevey, right, laugh as New Jersey Gov. Chris Christie, second right, makes a joke while answering a question at the Hudson County Correctional Center in Kearny, N.J., on May 8, 2013.

New Jersey’s Odd Couple Governors Visit Correctional Center

One reporter likened them to “The Odd Couple,” the Neil Simon creation about male roommates with opposite personalities. The setting today, though, wasn’t that pair’s roomy Manhattan apartment. It was a women’s unit at the Hudson County Correctional Center in...

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Allen Harding, of Armasight, demonstrates his products on March 12, 2013 at the Border Security Expo in Phoenix. More than 180 companies are exhibiting their security products despite automatic spending cuts that are affecting every federal government agency due to the government sequestration.

Photograph by Matt York/AP Photo

Allen Harding, of Armasight, demonstrates his products on March 12, 2013 at the Border Security Expo in Phoenix. More than 180 companies are exhibiting their security products despite automatic spending cuts that are affecting every federal government agency due to the government sequestration.

Biggest Sequestration Hit: Next Qtr

Most economists project the second quarter will take the biggest hit from the mandated cuts in federal government spending, or sequestration. Economists at Goldman Sachs Group think the worst is yet to come. The topic of how much the economy...

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The U.S.-Mexico border on February 26, 2013 near Sonoita, Arizona.

Photograph by John Moore/Getty Images

The U.S.-Mexico border on February 26, 2013 near Sonoita, Arizona.

Low-IQ Immigrants: Not Heritage Policy

The Heritage Foundation has taken some hits for projecting 50 years out with its projection that the cost of government services for undocumented immigrants becoming citizens will far exceed the tax revenue they contribute to the economy — by about...

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House Speaker John Boehner, a Republican from Ohio, right, shows Bloomberg Television reporter Peter Cook how to tie a necktie following an interview at the Capitol on May 7, 2013.

Courtesy Office of the Speaker of the House

House Speaker John Boehner, a Republican from Ohio, right, shows Bloomberg Television reporter Peter Cook how to tie a necktie following an interview at the Capitol on May 7, 2013.

Boehner Knows How to Tie One On — Our Reporter’s Neckware Tutorial

House Speaker John Boehner may have drawn a line in the sand on taxes, but you will almost never find him with a wrinkle in one of his ties. The Ohio Republican is a model of sartorial splendor on Capitol...

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President Barack Obama listens to a question during a press conference in the East Room of the White House on May 7, 2013 in Washington.

Photograph by Brendan Smialowski/AFP via Getty Images

President Barack Obama listens to a question during a press conference in the East Room of the White House on May 7, 2013 in Washington.

Obama’s Effectiveness Slips: Pew Poll

Gridlock doesn’t play well in Peoria. President Barack Obama’s job approval — 51 percent in a Pew Research Center survey released today — has gained a few points since March, when Pew found 47 percent public support. Yet six months...

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New Jersey Governor Chris Christie speaks at a joint press conference on November 4, 2012 in Hoboken, New Jersey.

Photograph by Andrew Burton/Getty Images

New Jersey Governor Chris Christie speaks at a joint press conference on November 4, 2012 in Hoboken, New Jersey.

Christie Confronts 2016, Springsteen’s Bouncers, Fleece Jokes

The key to Chris Christie’s success? It must be the fleece. The New Jersey governor, a 50-year-old-old Republican who made headlines yesterday disclosing his secret weight-loss surgery, poked fun at his purported 2016 White House ambitions and the now-famous monogrammed...

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Workers assemble American Giant sweatshirts inside the SFO Apparel Co. in Brisbane, California, on May 1, 2013.

Photograph by David Paul Morris/Bloomberg

Workers assemble American Giant sweatshirts inside the SFO Apparel Co. in Brisbane, California, on May 1, 2013.

Productivity Cooling as U.S. Awaits Next Big Thing

If you were only looking at productivity data, you’d assume the U.S. was still in an economic slump. Employee output per hour grew at an average 0.7 percent annual rate over the past 12 quarters, which economists at JPMorgan Chase...

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Senate Minority Whip Jon Kyl, a Republican from Arizona, second left, is surrounded by members of the media, as he walks through the Capitol in Washington, D.C., on Dec. 30, 2012.

Photograph by Pete Marovich/Bloomberg

Senate Minority Whip Jon Kyl, a Republican from Arizona, second left, is surrounded by members of the media, as he walks through the Capitol in Washington, D.C., on Dec. 30, 2012.

K Street Woos Ex-Lawmakers as Voters View Congress With Disdain

The revolving door between Capitol Hill and K Street keeps spinning, even as the general public doesn’t think highly of Congress. “Attitudes of the American public and their evaluation of Congress probably don’t align perfectly with that of K Street...

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A trader on the floor of the New York Stock Exchange at the end of the trading day on May 7, 2013.

Photograph by Spencer Platt/Getty Images

A trader on the floor of the New York Stock Exchange at the end of the trading day on May 7, 2013.

Bloomberg by the Numbers: 15,056.2

That’s where the Dow Jones Industrial Average closed yesterday, marking the first time the index finished above 15,000. The Dow, a price-weighted average of 30 blue-chip stocks, rose 87.31 points. The Standard and Poor’s 500 Index rose 0.5 percent to...

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