Political Capital
Sen. Charles Schumer, Senate Majority Leader Harry Reid and Senate Majority Whip Richard Durbin hold a news conference at the Capitol on the eve of the budget sequester on Feb. 28, 2013 in Washington.

Photograph by Jewel Samad/AFP via Getty Images

Sen. Charles Schumer, Senate Majority Leader Harry Reid and Senate Majority Whip Richard Durbin hold a news conference at the Capitol on the eve of the budget sequester on Feb. 28, 2013 in Washington.

Danger: Debate Breaks out in Senate

If the first rule in “Fight Club” is not to talk about fight club, the first rule in the U.S. Senate is to never acknowledge its shortcomings. Senators pretend to be cordial, part of the most deliberative body in the...

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Federal Trade Commission Chairman Jon Leibowitz holds up an iPad as he speaks during a news conference regarding the agency's 21-month-long investigation on Google on Jan. 3, 2013 at the FTC headquarters in Washington.

Photograph by Alex Wong/Getty Images

Federal Trade Commission Chairman Jon Leibowitz holds up an iPad as he speaks during a news conference regarding the agency's 21-month-long investigation on Google on Jan. 3, 2013 at the FTC headquarters in Washington.

Google Helped Honor FTC Chairman While Agency Probed Company

Google Inc. contributed $25,000 to honor the outgoing chairman of the Federal Trade Commission while under investigation by the agency for antitrust violations, Senate records show. Filings show Google gave the money to Common Sense Media Inc., an advocacy group...

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Homeless U.S. military veterans stand in line for free services at a 'Stand Down' event hosted by the Department of Veterans Affairs in Denver, Colorado.

Photograph by John Moore/Getty Images

Homeless U.S. military veterans stand in line for free services at a 'Stand Down' event hosted by the Department of Veterans Affairs in Denver, Colorado.

VA Technology Chief ‘Can’t Take Another Four Years’

Roger Baker, the Department of Veterans Affairs chief information officer, says his decision to resign on March 8 isn’t tied to a better offer — he just needs to “recharge some batteries.” Baker, who’s overseen some of the VA’s most...

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REI Chief Executive Officer Sally Jewell is congratulated by outgoing Interior Secrtary Ken Salazar after she was nominated by President Barack Obama to be the next Secretary of the Interior in the State Dining Room of the White House on Feb. 6, 2013.

Photograph by Chip Somodevilla/Getty Images

REI Chief Executive Officer Sally Jewell is congratulated by outgoing Interior Secrtary Ken Salazar after she was nominated by President Barack Obama to be the next Secretary of the Interior in the State Dining Room of the White House on Feb. 6, 2013.

Senator May Throw Speed Bump in Path of Interior Nomination

Alaska’s Lisa Murkowski, ranking Republican on the Senate Energy and Natural Resources Committee, is threatening to put a hold on the nomination of Sally Jewell to head the Interior Department until it agrees to reverse a preliminary decision rejecting a...

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Randy Wilson, first vice president of the local 2142 chapter of the American Federation of Government Employees, stands with other union members and government workers calling for action to avoid a sequestration on Feb. 27, 2013 during a rally outside of Congressman Blake Farenthold's office in downtown Corpus Christi, Texas.

Photograph by Michael Zamora/Corpus Christi Caller-Times/AP Photo

Randy Wilson, first vice president of the local 2142 chapter of the American Federation of Government Employees, stands with other union members and government workers calling for action to avoid a sequestration on Feb. 27, 2013 during a rally outside of Congressman Blake Farenthold's office in downtown Corpus Christi, Texas.

Washington Daybook: Eve of Sequestration

The Senate will take back-to-back procedural votes on Republican and Democratic proposals to replace the automatic spending cuts. Neither is likely to succeed, and the House isn’t scheduled to act on any measure, so sequestration would still start tomorrow, whatever...

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A trader works on the floor at the New York Stock Exchange on Feb. 27, 2013.

Photograph by Seth Wenig/AP Photo

A trader works on the floor at the New York Stock Exchange on Feb. 27, 2013.

Bloomberg by the Numbers: 14,075.37

That’s where the Dow Jones Industrial Average closed yesterday, its highest level since October 2007. The Dow added 175.24 points and closed within 90 points of its record. The advance was led by JP Morgan Chase & Co., Caterpillar Inc.,...

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A statue of Duke Kahanamoku stands along Waikiki Beach in Honolulu, Hawaii.

Photograph by Kent Nishimura/Bloomberg

A statue of Duke Kahanamoku stands along Waikiki Beach in Honolulu, Hawaii.

Ticket to Hawaii: Talking Points for Convincing Your Board to Send You

What better place to host a conference than Hawaii, right? Sun, golf, swimming. The National Conference on Public Employee Retirement Systems thinks so, too. It’s hosting its annual confab at the Hilton Hawaiian Village in Honolulu in May and expects...

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Chris Christie, governor of New Jersey, presents his budget plan at the Statehouse in Trenton, N.J. on Feb. 26, 2013.

Photograph by Emile Wamsteker/Bloomberg

Chris Christie, governor of New Jersey, presents his budget plan at the Statehouse in Trenton, N.J. on Feb. 26, 2013.

Christie on Obama’s Budget Cutting: ‘Feels Like He Should Get His Way’

Could it be? Could Chris Christie and Barack Obama’s new-found friendship be on the rocks? A day after conservatives spurned the Republican governor of New Jersey as a speaker for their annual gathering, he placed the blame for the looming...

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Rep. Steve King, R-Iowa, speaks at a press conference on the Official English Act in 2012.

Photograph by Chris Maddaloni/CQ Roll Call

Rep. Steve King, R-Iowa, speaks at a press conference on the Official English Act in 2012.

Latham’s Decision to Avoid Senate Bid May Clear Path for King

Republican Rep. Tom Latham told supporters in Iowa today that he doesn’t intend to run for a Senate seat there in 2014, clearing a path for a potential bid by fellow Republican Rep. Steve King. Latham and King had been...

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President Barack Obama walks to the White House, with just three days until the $85 billion in reductions for this year are scheduled to start.

Photograph by Joshua Roberts/Bloomberg

President Barack Obama walks to the White House, with just three days until the $85 billion in reductions for this year are scheduled to start.

Polls Backing Obama on Sequestration

Two surveys out today show Americans siding with President Barack Obama over congressional Republicans on how best to address the automatic spending cuts due to take effect March 1. A Washington Post/ABC News poll taken Feb. 20-24 showed 67 percent disapproving...

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