Political Capital
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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Former astronaut Mark Kelly fires a hunting rifle at a shooting range on July 2, 2013, in Anchorage, Alaska, as Anders Gustafson spots bullet placement on the target. Kelly and his wife, former U.S. Rep. Gabrielle Giffords, are in Alaska as part of a seven-state "Rights and Responsibilities Tour" urging members of Congress to expand background checks on gun sales.

Photograph by Dan Joling/AP Photo

Former astronaut Mark Kelly fires a hunting rifle at a shooting range on July 2, 2013, in Anchorage, Alaska, as Anders Gustafson spots bullet placement on the target. Kelly and his wife, former U.S. Rep. Gabrielle Giffords, are in Alaska as part of a seven-state "Rights and Responsibilities Tour" urging members of Congress to expand background checks on gun sales.

Gabby Giffords Got Her Guns

Does Gabrielle Giffords, the former Arizona congresswoman nearly killed in a gunman’s attack at her public appearance in Tucson, really have to open fire at a firing range to get peoples’ attention on gun control? Tw0-and-a-half years after she was...

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Randy Kern, left, and John Rice dress as Star Wars characters for their own annual snapshot tradition near an unofficial thermometer at Furnace Creek Visitors Center reading of 131 degrees, believed by officials to be about three degree on the high side, as a heat wave spreads across the American West on June 30, 2013 in Death Valley National Park, California.

Photograph by David McNew/Getty Images

Randy Kern, left, and John Rice dress as Star Wars characters for their own annual snapshot tradition near an unofficial thermometer at Furnace Creek Visitors Center reading of 131 degrees, believed by officials to be about three degree on the high side, as a heat wave spreads across the American West on June 30, 2013 in Death Valley National Park, California.

Flat-Earther Protest: Climate Change More Credible than Round Earth

The members of the Flat Earth Society have a message for President Barack Obama: We’re not a punchline. In a climate-change speech last week filled with poetic imagery of astronauts’ view of Earth and pledges to protect generations to come,...

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An image of Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc., stands on display as shareholders tour the exhibition floor during the Berkshire shareholders meeting in Omaha, Nebraska.

Photograph by Daniel Acker/Bloomberg

An image of Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc., stands on display as shareholders tour the exhibition floor during the Berkshire shareholders meeting in Omaha, Nebraska.

Buffett Calls Out to Clinton — #45

Warren Buffett, who has been “in the house” for almost two months, has only now issued his third tweet. Welcoming Hillary Clinton to Twitter. Hello @Hillaryclinton! Happy to welcome one of my favorite women in the world to twitter. #45...

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The Supreme Court building in Washington, D.C.

Photograph by Andrew Harrer/Bloomberg

The Supreme Court building in Washington, D.C.

Supreme Court’s New Clerk: Harris Measuring for a Morning Coat

Things change slowly at the nation’s highest court. So for Supreme Court lawyers, today’s announcement that Scott S. Harris will become the court’s clerk is almost as momentous as the appointment of a new justice. Harris will succeed William K....

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Vice President Joe Biden speaks at an Ed Markey campaign rally on June 22, 2013 at the Iron Workers Local 7 in South Boston.

Photograph by Colm O'Molloy for The Boston Globe via Getty Images

Vice President Joe Biden speaks at an Ed Markey campaign rally on June 22, 2013 at the Iron Workers Local 7 in South Boston.

Markey: Most House Service Of Any Senator Ever

Campaigning for Rep. Ed Markey last month, Vice President Joe Biden said the veteran Massachusetts Democrat running for Senate would become “the most informed freshman senator in the history of the United States of America.” Biden wasn’t exaggerating. Markey, who was...

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