Political Capital
State Senator Tony Strickland, R-Thousand Oaks, second from left, discusses the newly formed Taxpayers Caucus during a news conference in Sacramento, Calif., on Feb. 23, 2011.

Photograph by Rich Pedroncelli/AP Photo

State Senator Tony Strickland, R-Thousand Oaks, second from left, discusses the newly formed Taxpayers Caucus during a news conference in Sacramento, Calif., on Feb. 23, 2011.

California: Strickland Seeks Rematch with Brownley

California Republican Tony Strickland is seeking a rematch with Democratic Rep. Julia Brownley, who defeated him last November in a Ventura County-based district west of Los Angeles. Strickland, a former state legislator, filed a statement of candidacy and a statement...

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Staff members sit behind a chart of guns during a hearing of the Senate Judiciary Committee on Capitol Hill on January 30, 2013 in Washington, DC.

Photograph by Brendan Smialowski/AFP via Getty Images

Staff members sit behind a chart of guns during a hearing of the Senate Judiciary Committee on Capitol Hill on January 30, 2013 in Washington, DC.

NRA Training Your School Guards?

The National Rifle Association today released a plan calling for more armed personnel in schools — and pitching itself as a school safety trainer. The gun-rights lobby, which claims five million members, is spending $1 million on what it calls the National School Shield,...

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Vice President Joe Biden, left, greets Senator Mark Kirk, a Republican from Illinois, on the steps of the U.S. Capitol in Washington, D.C., on Jan. 3, 2013.

Photograph by Pete Marovich/Bloomberg

Vice President Joe Biden, left, greets Senator Mark Kirk, a Republican from Illinois, on the steps of the U.S. Capitol in Washington, D.C., on Jan. 3, 2013.

Mark Kirk on Same-Sex Marriage: Now There are Two Republicans

Rob Portman of Ohio was the only Republican senator to speak out in support of gay marriage. Until today, when Mark Kirk of Illinois joined him. Kirk, who recently returned to the Senate after recovering from a stroke, said in...

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Potential buyers view a new home under construction in South Barrington, Illinois.

Photograph by Daniel Acker/Bloomberg

Potential buyers view a new home under construction in South Barrington, Illinois.

Housing Boost: ‘Born Outside the USA’

Congress may be on the verge of accidentally helping the economy. Washington lawmakers haven’t been able to compromise on ways to avert broad-based federal spending cuts, whether and how to implement unprecedented health-care changes or how to help rescue the...

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Sen. Bob Graham and his daughter, Gwen, talk to supporters at a John Kerry campaign rally in Riviera Beach, Fla., in this June 1, 2004 file photo.

Photograph by J.Pat Carter/AP Photo

Sen. Bob Graham and his daughter, Gwen, talk to supporters at a John Kerry campaign rally in Riviera Beach, Fla., in this June 1, 2004 file photo.

Gwen Graham: Florida Family Encore

Gwen Graham, daughter of former Florida Governor and U.S. Senator Bob Graham, caught a certain political bug during her father’s ill-fated campaign for president in 2004. She campaigned hard across Iowa and other venues for her dad. Now she is...

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An armed security guard at an elementary school.

Photograph by Steven Lane/The Columbian/AP Photo

An armed security guard at an elementary school.

Washington Daybook: Dueling Agendas

Rep. Elijah Cummings, a Maryland Democrat who favors new gun-control laws, will speak at the National Press Club today about the status of gun legislation in the House. Former Rep. Asa Hutchinson, an Arkansas Republican, will unveil the National Rifle...

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Sen. Ted Cruz (R-TX) talks with a reporter outside the Senate chamber on Capitol Hill on March 22, 2013 in Washington, DC.

Photograph by Drew Angerer/Getty Images

Sen. Ted Cruz (R-TX) talks with a reporter outside the Senate chamber on Capitol Hill on March 22, 2013 in Washington, DC.

Ted Cruz’s Silver Elephant Dinner: Debut Tour of 2016 Party Circuit

It’s never too early to book a dinner for the 2016 primary elections. Sen. Rand Paul of Kentucky already is lined up for the Iowa Republican Party’s Lincoln Day Dinner on May 10. And now comes word from the Palmetto...

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Workers erect an exterior wall panel in an apartment building under construction in Peoria, Illinois, on March 28, 2013.

Photograph by Daniel Acker/Bloomberg

Workers erect an exterior wall panel in an apartment building under construction in Peoria, Illinois, on March 28, 2013.

Low-Skilled Visas: Cap Key to Deal

Two years ago, the U.S. certified about 75,000 low-skilled laborers for guest-worker visas. Under the first year of a new plan that business and labor leaders have tentatively approved as part of a Senate proposal to revise the nation’s immigration...

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Former South Carolina Gov. Mark Sanford, left, greets former Charleston County councilman Curtis Bostic before a debate in Charleston, S.C., on March 28, 2013.

Photograph by Bruce Smith/AP Photo

Former South Carolina Gov. Mark Sanford, left, greets former Charleston County councilman Curtis Bostic before a debate in Charleston, S.C., on March 28, 2013.

Bloomberg by the Numbers: 37

That’s the vote percentage that former South Carolina Gov. Mark Sanford received in a first-round Republican primary March 19 in the state’s 1st District in and around Charleston. Sanford, seeking a political comeback after acknowledging an extramarital affair four years ago,...

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An employee counts U.S. 100 dollar notes and 500 ruble notes, right, at the counter of an OAO Sberbank currency exchange in Moscow, Russia.

Photograph by Andrey Rudakov/Bloomberg

An employee counts U.S. 100 dollar notes and 500 ruble notes, right, at the counter of an OAO Sberbank currency exchange in Moscow, Russia.

Fed Doesn’t Target Exchange Rates — But if it Did…

Ask Federal Reserve officials about their goals for the U.S. exchange rate, and they will demur. The Fed’s standard response is that the strength or weakness of the dollar is a matter for the U.S. Treasury. Yet one of the...

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