Political Capital
Former Arizona Representative Gabrielle Giffords and her husband, Mark Kelly, speak about slain Giffords' aide Gabe Zimmerman, during a dedication ceremony naming a conference room in the Capitol Vistor Center in Zimmerman's honor at the Capitol in Washington, DC, on April 16, 2013.

Photograph by Sau Loeb/AFP via Getty Images

Former Arizona Representative Gabrielle Giffords and her husband, Mark Kelly, speak about slain Giffords' aide Gabe Zimmerman, during a dedication ceremony naming a conference room in the Capitol Vistor Center in Zimmerman's honor at the Capitol in Washington, DC, on April 16, 2013.

Giffords Tour: Travels with Kelly

So Gabrielle Giffords, the former Arizona congresswoman gravely injured by a gunman in Tucson two and a half years ago, is on the road with husband Mark Kelly, retired astronaut, courting support for tougher background checks for gun-buyers. Great day...

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A scene from "Zero Dark Thirty" is shown in this handout photo taken on April 27, 2012.

Photograph by Jonathan Olley/Zero Dark Thirty LLC via Bloomberg

A scene from "Zero Dark Thirty" is shown in this handout photo taken on April 27, 2012.

Zero Dark Thirty: ‘And the Award Goes to…’

Critics and millions of fans let out a collective groan when the captivating, controversial “Zero Dark Thirty” failed to capture Best Picture at this year’s Oscars. Another award connected with film-making — bestowed at a closed June 12 Pentagon Inspector...

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Morning commuters wait to cross a street in front of Tokyo Station in on June 26, 2013.

Photograph by Noriyuki Aida/Bloomberg

Morning commuters wait to cross a street in front of Tokyo Station in on June 26, 2013.

N.Y. Fed’s Dudley: U.S. Needs Bold Policy to Avoid Japan’s Trap

Written with Joshua Zumbrun. William C. Dudley, stimulus-backing president of the Federal Reserve Bank of New York, says the economy is healing yet still needs bold action to avoid falling into a trap like Japan’s — and that it also...

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Opponents of Egypt's Islamist President Mohammed Morsi hold a large Egyptian national flag during a protest outside the presidential palace, in Cairo on July 2, 2013.

Photograph by Hassan Ammar/AP Photo

Opponents of Egypt's Islamist President Mohammed Morsi hold a large Egyptian national flag during a protest outside the presidential palace, in Cairo on July 2, 2013.

Mursi Timer: Counting Down Egypt President’s Deadline

President Barack Obama told Egypt’s embattled leader Mohamed Mursi yesterday that he must take steps to show the millions protesting his rule that he understands their complaints and will be responsive. Just a few hours earlier, the country’s military delivered a similar message, but...

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John Deere tractors drive down East Grand Street during the Iowa State Fair Parade on August 10, 2011 in Des Moines, Iowa.

Photograph by Chip Somodevilla/Getty Images

John Deere tractors drive down East Grand Street during the Iowa State Fair Parade on August 10, 2011 in Des Moines, Iowa.

Iowa Democrats, Republicans at Parity

Here’s more evidence underscoring Iowa’s status as a swing state: Updated voter registration statistics show Democrats and Republicans at virtual parity. Democrats led Republicans on the registration rolls by 617,736 to 617,091 voters as of yesterday, a difference of 645...

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A customer prepares to fire an AR-15 rifle at a gun range in Utah.

Photograph by George Frey/Bloomberg

A customer prepares to fire an AR-15 rifle at a gun range in Utah.

Stockman: AR-15 ‘Torch of Liberty’ — and Yours, Before Obama Grabs It

Get your AR-15 while the getting’s good. That’s the word from Rep.  Steve Stockman, a Republican from Texas. He is  raffling his Bushmaster, explaining that President Barack Obama wants to take the assault weapon away from him. (Obama has not...

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Former White House Chief of Staff William Daley, left, and New York City Mayor Michael Bloomberg take part in a discussion economics and politics of immigration during a meeting of The Chicago Economic Club on Aug. 14, 2012, in Chicago.

Photograph by M. Spencer Green/AP Photo

Former White House Chief of Staff William Daley, left, and New York City Mayor Michael Bloomberg take part in a discussion economics and politics of immigration during a meeting of The Chicago Economic Club on Aug. 14, 2012, in Chicago.

Bloomberg Backing Daley in Illinois

New York City Mayor Michael Bloomberg has ventured into a governor’s race 800 miles away today, endorsing former White House Chief of Staff Bill Daley’s effort to unseat Illinois’s Democratic chief executive, Pat Quinn, in next year’s primary. In a...

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First Lady Michelle Obama and Marieme Faye Sall, first lady of Senegal, sit together on stage during a visit the all-girls Martin Luther King Middle School, on June 27, 2013 in Dakar, Senegal.

Photograph by Carolyn Kaster/AP Photo

First Lady Michelle Obama and Marieme Faye Sall, first lady of Senegal, sit together on stage during a visit the all-girls Martin Luther King Middle School, on June 27, 2013 in Dakar, Senegal.

Michelle Obama: White House ‘Nice Prison’ — Laura Bush: ‘With a Chef’

Updated at 9:25 am EDT The White House, as a couple of first ladies should know, can be “confining.” As former President George W. Bush met with President Barack Obama today in Tanzania, their wives also took part in an African...

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A security guard ushers reporters to leave as Secretary of State John Kerry, right, deflects a question from a reporter about whether he and Russian Foreign Minister Sergey Lavrov, left, will discuss the fate of fugitive U.S. secrets leaker Edward Snowden, before their meeting at the ASEAN summit in Brunei on July 2, 2013.

Photograph by Jacquelyn Martin-Pool

A security guard ushers reporters to leave as Secretary of State John Kerry, right, deflects a question from a reporter about whether he and Russian Foreign Minister Sergey Lavrov, left, will discuss the fate of fugitive U.S. secrets leaker Edward Snowden, before their meeting at the ASEAN summit in Brunei on July 2, 2013.

Kerry-Lavrov: Sidestepping Snowden

Diplomats can get a little testy when under pressure. Sergei Lavrov, Russia’s foreign minister, held a private pow-wow with U.S. Secretary of State John Kerry today in Brunei, at the annual ministerial conference of the Association of Southeast Asian Nations,...

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Tim Cook, chief executive officer of Apple Inc., arrives to testify at a Senate Permanent Subcommittee on Investigations in Washington, D.C., on May 21, 2013. Cook defended his company's use of offshore tax shelters before U.S. senators who castigated the most-valuable technology company for avoiding $9 billion and more in payments.

Photograph by Pete Marovich/Bloomberg

Tim Cook, chief executive officer of Apple Inc., arrives to testify at a Senate Permanent Subcommittee on Investigations in Washington, D.C., on May 21, 2013. Cook defended his company's use of offshore tax shelters before U.S. senators who castigated the most-valuable technology company for avoiding $9 billion and more in payments.

Bloomberg by the Numbers: 12.6%

That was the average effective federal tax rate in 2010 for profitable U.S. corporations, according to a Government Accountability Office report. While the statutory federal corporate income tax rate ranges from 15 percent to 35 percent, they provide “only a...

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