Political Capital
Representative Paul Ryan, a Republican from Wisconsin and chairman of the House Budget Committee, speaks during the 2013 Fiscal Summit

Photograph by Andrew Harrer/Bloomberg

Representative Paul Ryan, a Republican from Wisconsin and chairman of the House Budget Committee, speaks during the 2013 Fiscal Summit

Reunited: Romney Helps Ryan Raise $1.1 Million

Paul Ryan was one of the top fundraisers in Congress before he became the 2012 Republican vice-presidential nominee. His ability to raise money is even stronger after a nationwide campaign boosted his name recognition — and as Ryan continues to...

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Rep. Frank Pallone, D-N.J., at a news conference in 2012

Photograph by Tom Williams/CQ Roll Call via Getty Images

Rep. Frank Pallone, D-N.J., at a news conference in 2012

Booker ‘Showhorse,’ Lautenberg Family Suggests: ‘Stick with Frank’

Cory Booker is on a roll, right? The mayor of Newark has become a 24/7 Tweeter since announcing his bid for the Senate seat of the late Frank Lautenberg of New Jersey. I’m looking forward 2 being on Kelly and...

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Former New York Governor Eliot Spitzer, pictured in 2010. Photo by Daniel Acker / Bloomberg

Former New York Governor Eliot Spitzer, pictured in 2010. Photo by Daniel Acker / Bloomberg

Spitzer: Running on Redemption

As governor of South Carolina, Mark Sanford went walking on the Appalachian Trail — actually away in Argentina with a mistress — but that didn’t stop him from getting elected again to Congress this year. As a member of Congress,...

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An employee wears a protective suit while painting the undercarriage of a truck at plant in Dublin, Virginia.

Photograph by Justin Ide/Bloomberg

An employee wears a protective suit while painting the undercarriage of a truck at plant in Dublin, Virginia.

Bloomberg by the Numbers: 33

That’s how many consecutive months U.S. nonfarm employment has increased. Nonfarm payrolls rose by 195,000 last month, the Labor Department reported July 5. Nonfarm employment rose by 6 million during 33 consecutive months of job growth dating to October 2010....

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New Ford cars in Colma, California.

Photograph by Justin Sullivan/Getty Images

New Ford cars in Colma, California.

Jobs Report Shows Auto Rebound

As trucks such as Ford’s F-150 and cars including Chevy’s Cruze are being driven off dealer lots at the fastest pace in more than five years, employment in the industry is along for the ride. More than 806,000 Americans were...

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People watch fireworks burst behind the Washington Monument on the National Mall on July 4, 2013.

Photograph by Brendan Smailowski/AFP via Getty Images

People watch fireworks burst behind the Washington Monument on the National Mall on July 4, 2013.

Scene in D.C.: Capitol Fourth

Neil Diamond debuted a song written about the Boston marathon tragedy at last night’s A Capitol Fourth concert in Washington. “Download it on iTunes right now and I’ll sing ‘Sweet Caroline’,” the easy-listening legend teased the flag-waving crowd huddled around the...

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The Lincoln Memorial in Washington, D.C.

Photograph by Andrew Harrer/Bloomberg

The Lincoln Memorial in Washington, D.C.

Lincoln’s Mastery of Language, Politics — Lessons for Modern Times

Abraham Lincoln, remembered 150 years after a “decisive” battle of the U.S. Civil War, could have excelled in modern-day Washington politics, one of the pre-eminent scholars on the American president says. “He would be tech savvy, he would lose the beard, he...

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Shoppers on Rodeo Drive in Beverly Hills, California.

Photograph by Patrick Fallon/Bloomberg

Shoppers on Rodeo Drive in Beverly Hills, California.

Bloomberg by the Numbers: 283

That’s how many weeks since the Bloomberg Consumer Comfort Index was higher than last week’s reading. The index rose to minus 27.5 in the period ended June 30 from minus 28.3 a week earlier to reach its highest level since...

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