Political Capital
President Barack Obama speaks during a cabinet meeting at the White House in Washington on Nov. 28, 2012.

Photograph by Jewel Samad/AFP via Getty Images

President Barack Obama speaks during a cabinet meeting at the White House in Washington on Nov. 28, 2012.

Washington Daybook: Cabinet Filling

President Obama fills out his second-term Cabinet today by selecting Ernest Moniz to head the Energy Department and Gina McCarthy to run the Environmental Protection Agency. He’ll also tap Sylvia Mathews Burwell, president of the Wal-Mart Foundation, to head the...

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Rep. Sander Levin, D-Mich., makes his way around the Cannon rotunda.

Photograph by Tom Williams/CQ Roll Call/Getty Images

Rep. Sander Levin, D-Mich., makes his way around the Cannon rotunda.

Congressional Dysfunction Breeds Nostalgia for Spirit of Compromise

U.S. Rep. Sander Levin, a Democrat from Michigan, recalls his last substantive issue discussion with a Republican on the House Ways and Means Committee. It was 13 years ago. He and Bill Thomas, then a Republican congressman from California who served as the...

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Sailors stand watch on the deck of the USS Harry S. Truman docked at the Norfolk Naval Shipyard in Norfolk, Virginia, on Feb. 28, 2013.

Photograph by Joshua Roberts/Bloomberg

Sailors stand watch on the deck of the USS Harry S. Truman docked at the Norfolk Naval Shipyard in Norfolk, Virginia, on Feb. 28, 2013.

Bloomberg by the Numbers: 44%

That’s the share of Americans who responded with a negative word or phrase reacting to $85 billion in automatic budget cuts that began taking effect March 1, according to Gallup. Another 24 percent responded to the open-ended question with a...

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The Google IO Developers Conference in San Francisco.

Photograph by Marcio Jose Sanchez/AP Photo

The Google IO Developers Conference in San Francisco.

Common Sense Media Praises Google Donations to Award Program

Common Sense Media, a San Francisco-based advocacy group that supports efforts to help kids with media and technology, says Google Inc. is one of 60 companies that have helped fund its annual awards program. Mountain View, California-based Google contributed $25,000 to...

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President Barack Obama speaks about the possible effects of the upcoming sequester's budget cuts on the business community.

Photograph by Brendan Smialowski/AFP via Getty Images

President Barack Obama speaks about the possible effects of the upcoming sequester's budget cuts on the business community.

Obama: Common Sense Caucus ‘Silent’ — Blaming Congress for Cuts Today

Updated at Noon: Not everyone will feel the “pain” of budget cuts starting tonight, President Barack Obama said today. “The pain will be real, though,” he said. The president also attempted to lay the blame for the cuts squarely with...

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Naval vessels docked at the Norfolk Naval Shipyard in Norfolk, Virginia.

Photograph by Joshua Roberts/Bloomberg

Naval vessels docked at the Norfolk Naval Shipyard in Norfolk, Virginia.

Sequestration Fraction of Economy: Chart of the Day

How big a deal is sequestration? For the federal agencies facing 5-7 percent spending cuts with just seven months of the fiscal year left to absorb them, it’s a big enough deal that furloughs are planned at the Defense Department...

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Attorney General Eric Holder during a news conference at the Justice Department in this file photo.

Photograph by Drew Angerer/Getty Images

Attorney General Eric Holder during a news conference at the Justice Department in this file photo.

Holder to Congress: No Respect

Attorney General Eric Holder has a message for the Republicans and Democrats who voted to hold him in contempt in 2012: You get no respect. Holder, who has never made a secret of his displeasure with the 255 lawmakers who...

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Repairs are made to the USS Bulkeley as it is docked at the Norfolk Naval Shipyard in Norfolk, Virginia, on Feb. 28, 2013.

Photograph by Joshua Roberts/Bloomberg

Repairs are made to the USS Bulkeley as it is docked at the Norfolk Naval Shipyard in Norfolk, Virginia, on Feb. 28, 2013.

Sequestration ‘Slow-Motion Accident’

As President Barack Obama gathers leaders of both parties of both houses of Congress today at the White House, before the near-midnight point at which the White House will have to order an across-the-board sequestration of discretionary spending, a former...

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People look at boats on display at The Miami International Boat Show on Feb. 15, 2013 in Miami Beach, Florida.

Photograph by Joe Raedle/Getty Images

People look at boats on display at The Miami International Boat Show on Feb. 15, 2013 in Miami Beach, Florida.

Bloomberg by the Numbers: -32.8

That’s the Bloomberg Consumer Comfort Index for the seven-day period ended Feb. 24. The index, based on Americans’ ratings of the national economy, the buying climate and their personal finances, improved to the highest level this year after climbing for...

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