Political Capital
Mayor of Charlotte Anthony R. Foxx waves as he walks on stage during day one of the Democratic National Convention.

Photograph by Alex Wong/Getty Images

Mayor of Charlotte Anthony R. Foxx waves as he walks on stage during day one of the Democratic National Convention.

Anthony Foxx’s High-Speed Promotion

The party convention that nominated President Barack Obama for a second term played out — and played out almost flawlessly — in Anthony Foxx’s home town. Save for the outdoor stadium rally preempted by fear of rain, sparing the party...

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Charlotte Mayor Anthony Foxx greets President Barack Obama as he arrives at Charlotte/Douglas International Airport  in Charlotte, N.C. on March 7, 2012.

Photograph by Charlotte Observer/MCT/Landov

Charlotte Mayor Anthony Foxx greets President Barack Obama as he arrives at Charlotte/Douglas International Airport in Charlotte, N.C. on March 7, 2012.

Washington Daybook: Traveling

President Barack Obama will nominate Charlotte, North Carolina, Mayor Anthony Foxx, a Democrat, to lead Transportation Department, Bloomberg News reported. The Consumer Federation of America today releases a report on the status of progress toward an auto fuel-economy standard of...

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Employees load a washer and dryer into customer's car at the loading docks of Nebraska Furniture Mart in Omaha, Neb.

Photograph by Nati Harnik/AP Photo

Employees load a washer and dryer into customer's car at the loading docks of Nebraska Furniture Mart in Omaha, Neb.

Bloomberg by the Numbers: 2.5%

That’s the annualized rate at which the U.S. economy grew in the first quarter, according to an estimate by the Commerce Department’s Bureau of Economic Analysis. The figure refers to the rise in the gross domestic product — the value...

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President Barack Obama at the White House Correspondents' Association dinner April 27, 2013.

Photograph by Kristoffer Tripplaar/Pool

President Barack Obama at the White House Correspondents' Association dinner April 27, 2013.

Obama’s ‘Nobama Island:’ White House Correspondents’ Association

President Barack Obama, addressing an audience of Washington journalists and Hollywood celebrities at a ritual annual dinner, spared no jokes about himself. “These days, I look in the mirror and I have to admit, I’m not the strapping young Muslim...

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A "FOR SALE" sign is displayed in front of a homes in the Fox Glen subdivision of Pickerington, Ohio.

Photograph by Ty Wright/Bloomberg

A "FOR SALE" sign is displayed in front of a homes in the Fox Glen subdivision of Pickerington, Ohio.

Housing Rebound: Sellers Know Best

If you want to know where the housing market is headed, don’t ask prospective buyers. The ones that really have their fingers on the pulse are sellers, and they’re telling us the housing rebound is about to get a second...

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A welder welding the frame of a modular housing unit at the Brooklyn Navy Yard in the Brooklyn borough of New York.

Photograph by Scott Eells/Bloomberg

A welder welding the frame of a modular housing unit at the Brooklyn Navy Yard in the Brooklyn borough of New York.

Behind the Growth: Manufacturing Lags

The lower-than-expected reading this morning for U.S. economic growth in the first quarter has revealed a few victims even as growth picked up — among them, factories.   “Manufacturing activity remains weak relative to the larger economy,” in part due...

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A U.S. Border Patrol ranch liaison, right, rides with a cattle rancher at the U.S.-Mexico border on March 8, 2013 in Nogales, Arizona.

Photograph by John Moore/Getty Images

A U.S. Border Patrol ranch liaison, right, rides with a cattle rancher at the U.S.-Mexico border on March 8, 2013 in Nogales, Arizona.

Border Security: 90 Percent ‘Doable’

Manuel Padilla Jr. is the Border Patrol’s chief agent of the Tucson sector, the highest-risk stretch of an almost 2,000-mile U.S. border with Mexico — a 262-mile line that 120,000 people were caught attempting to cross last year. Yet his...

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Sen. Sheldon Whitehouse (D-RI) speaks at a news conference March 21, 2012 at the Capitol March 21, 2012 in Washington, DC.

Photograph by Win McNamee/Getty Images

Sen. Sheldon Whitehouse (D-RI) speaks at a news conference March 21, 2012 at the Capitol March 21, 2012 in Washington, DC.

Democrats Want Shareholders to Approve Corporate Political Spending

Companies could not make political donations unless a majority of their shareholders agreed under legislation introduced by Sen. Robert Menendez of New Jersey and Rep. Michael Capuano of Massachusetts, both Democrats. The bill mirrors one first introduced by Capuano in...

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Job seekers fill out applications during the NYC Restaurant Job Expo at the Gabarron Foundation in New York, on April 9, 2013.

Photograph by Peter Foley/Bloomberg

Job seekers fill out applications during the NYC Restaurant Job Expo at the Gabarron Foundation in New York, on April 9, 2013.

Bloomberg by the Numbers: 339,000

That’s how many first-time claims for U.S. unemployment benefits were filed in the week ended April 20. The number represents a six-week low and a decrease of 16,000 from the 355,000 applications for jobless assistance filed the previous week. “Fewer...

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