Political Capital
Minnesota congresswoman Michele Bachmann in Blaine, Minn.

Photograph by Stacy Bengs/AP Photo

Minnesota congresswoman Michele Bachmann in Blaine, Minn.

Bachmann Out-Foxing Democrats

Michele Bachmann says she is imposing term limits on herself. “Eight is enough,” the saying of congressional term-limit proponents goes. And if it’s good enough for the president, the Minnesota Republican says in her campaign website video today announcing her...

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Rep. Michele Bachmann (R-MN) speaks to a reporter after a news conference on May 16, 2013 on Capitol Hill in Washington, DC.

Photograph by Alex Wong/Getty Images

Rep. Michele Bachmann (R-MN) speaks to a reporter after a news conference on May 16, 2013 on Capitol Hill in Washington, DC.

Bachmann Bowing Out in Minnesota

Rep. Michele Bachmann, an erstwhile Republican presidential hopeful and proponent of the anti-tax Tea Party movement, says she won’t run for re-election yet may consider future opportunities in politics. “I have decided next year I will not seek a fifth congressional term,” Bachmann,...

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A real estate agent organizes pamphlets for an open house tour in Redondo Beach, California.

Photograph by Patrick T. Fallon/Bloomberg

A real estate agent organizes pamphlets for an open house tour in Redondo Beach, California.

Bloomberg by the Numbers: 10.6%

That’s how much  home prices rose in the 12 months through March, according to the S&P/Case-Shiller index. It’s the biggest 12-month jump in property values since April 2006, when the index advanced 11.2 percent over the previous year. The surging...

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Volunteers with the national organization, Ready for Hillary, hold a rally across the street from the Beverly Wilshire hotel where the former Secretary of State Hillary Rodham Clinton will be honored with the inaugural Warren Christopher Public Service Award at the Pacific Council on International Policy's Chairman's Gala on May 8, 2013 in Beverly Hills, California.

Photograph by Kevork Djansezian/Getty Images

Volunteers with the national organization, Ready for Hillary, hold a rally across the street from the Beverly Wilshire hotel where the former Secretary of State Hillary Rodham Clinton will be honored with the inaugural Warren Christopher Public Service Award at the Pacific Council on International Policy's Chairman's Gala on May 8, 2013 in Beverly Hills, California.

Ready for Hillary: ‘Foresight’

Ready for Hillary, the super-political action committee supporting Hillary Clinton for president in 2016, today announced some big fundraisers. Susie Tompkins Buell, who raised more than $100,000 for Clinton’s 2008 presidential run, and Steve Mostyn, who contributed $3 million to...

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Demonstrators, seeking change in immigration policy, march in Los Angeles, California, on May 1, 2013.

Photograph by Joe Klamar/AFP via Getty Images

Demonstrators, seeking change in immigration policy, march in Los Angeles, California, on May 1, 2013.

Senate: Immigration Bill by July 4

The Senate’s Democrats, hoping to approve a sweeping revision of U.S. immigration laws by July 4, plan to start work on the bill the week of June 10, Adam Jentleson, a spokesman for Senate Majority Leader Harry Reid, said today....

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Jared Bernstein, right, Chief Economist and Economic Policy Adviser to Vice President Joe Biden, speaks at the daily White House briefing at the White House in Washington in this June 8, 2009 file photo.

Photograph by Nicholas Kamm/AFP via Getty Images

Jared Bernstein, right, Chief Economist and Economic Policy Adviser to Vice President Joe Biden, speaks at the daily White House briefing at the White House in Washington in this June 8, 2009 file photo.

‘Furmanomics’ Explained ala Bernstein

Jared Bernstein, former chief economic adviser to Vice President Joe Biden, thinks he knows what’s in store with Jason Furman, President Barack Obama’s choice for chairman of the Council of Economic Advisers. (Reported first at Bloomberg.) “Furmanomics.” “I’ve worked closely with...

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President Barack Obama holds a stuffed bear alongside New Jersey Governor Chris Christie after playing an arcade game along the boardwalk as they view rebuilding efforts following last year's Hurricane Sandy in Point Pleasant, New Jersey, on May 28, 2013.

Photograph by Saul Loeb/AFP via Getty Images

President Barack Obama holds a stuffed bear alongside New Jersey Governor Chris Christie after playing an arcade game along the boardwalk as they view rebuilding efforts following last year's Hurricane Sandy in Point Pleasant, New Jersey, on May 28, 2013.

Christie Scores Teddy for Obama

Out on the boardwalk, they are tossing pigskins… Out on the boardwalk, the governor wins… President Barack Obama went 0-5 in his football tosses at “Touchdown Fever,” an arcade on the boardwalk at Point Pleasant, Jersey. Gov. Chris Christie nailed...

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A waiter takes a patron's order at a restaurant in Denver, Colorado.

Photograph by Matthew Staver/Bloomberg

A waiter takes a patron's order at a restaurant in Denver, Colorado.

Optimism Among Lower-Income Up

Americans, feeling better about the economy and employment opportunities, are the most confident in five years, data from the Conference Board showed today. An increase in sentiment among those with incomes above $50,000 was not unexpected. After all, stocks have...

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President Barack Obama, center, introduces Heather Higginbottom, left, as Deputy Director of the Office of Management and Budget, Gene Sperling, second left, as the new director of the Council of Economic Advisors, Katharine Abraham, second right, as a member of the council, and Jason Furman as Assistant to the President for Economic Policy and Principal Deputy Director of the National Economic Council in Landover, Maryland.

Photograph by Chip Somodevilla/Getty Images

President Barack Obama, center, introduces Heather Higginbottom, left, as Deputy Director of the Office of Management and Budget, Gene Sperling, second left, as the new director of the Council of Economic Advisors, Katharine Abraham, second right, as a member of the council, and Jason Furman as Assistant to the President for Economic Policy and Principal Deputy Director of the National Economic Council in Landover, Maryland.

Obama Tapping Furman for CEA Chair

President Barack Obama plans to nominate Jason Furman, a White House official well-versed in staff rivalries and relationships, to replace Alan Krueger as the head of the Council of Economic Advisers, according to two people familiar with the matter. Krueger plans to return to...

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President Barack Obama with New Jersey Governor Chris Christie after arriving at Joint Base McGuire-Dix in New Jersey on May 28, 2013. Obama is traveling to the New Jersey shore to view rebuilding efforts following last year's Hurricane Sandy.

Photograph by Saul Loeb/AFP via Getty Images

President Barack Obama with New Jersey Governor Chris Christie after arriving at Joint Base McGuire-Dix in New Jersey on May 28, 2013. Obama is traveling to the New Jersey shore to view rebuilding efforts following last year's Hurricane Sandy.

Obama-Christie: Heckuva Job

Updated at 12:52 and 3:30 pm EDT, with Terrence Dopp reporting from Asbury Park Heckuva job. Remember that line? That was former President George W. Bush’s praise for then-FEMA director Michael D. Brown in the first few days after Hurricane...

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