Political Capital
A cardboard cut-out of President Barack Obama in a tent defending "Obamacare" at a street fair in Charlotte, North Carolina.

Photograph by Mladen Antonov/AFP via Getty Images

A cardboard cut-out of President Barack Obama in a tent defending "Obamacare" at a street fair in Charlotte, North Carolina.

Obamacare in Three Words: OMG

The long-running competition for one-upsmanship over Obamacare in three pithy words has reached a fever pitch, pitting the White House and allies against repeal-minded Republicans with all sorts of bystanders weighing in — remembering that last summer one of those...

Read more »

The Internal Revenue Service (IRS) headquarters in Washington, D.C.

Photograph by Andrew Harrer/Bloomberg

The Internal Revenue Service (IRS) headquarters in Washington, D.C.

IRS Scandal Good for Tax Reform: Baucus, Camp, in Interview

Written with Peter Cook The scandal at the Internal Revenue Service is emboldening the chief congressional proponents for rewriting the tax code, they said in an interview with Bloomberg Television. “This actually leads to new momentum for tax reform,” said...

Read more »

Dental work performed at a free health clinic for the uninsured and underinsured at the Los Angeles Sports Arena.

Photograph by Patrick T. Fallon/Bloomberg

Dental work performed at a free health clinic for the uninsured and underinsured at the Los Angeles Sports Arena.

Health Care Costs Slow: Inflation Curb

The cost of health care in the U.S. is rising at the slowest pace in four decades, helping curb inflation. The consumer-price index dropped 0.4 percent in April from the prior month, a second consecutive decrease and the biggest since...

Read more »

Danny Werfel, federal controller, Office of Management and Budget, testifies before a Senate Appropriations Committee hearing in Hart Building on the impacts of the sequestration on his agency.

Photograph by Tom Williams/CQ Roll Call/Getty Images

Danny Werfel, federal controller, Office of Management and Budget, testifies before a Senate Appropriations Committee hearing in Hart Building on the impacts of the sequestration on his agency.

Obama Naming Werfel for IRS

Updated at 3:25 pm EDT President Barack Obama has picked Danny Werfel, controller of the Office of Management and Budget, as acting commissioner of the Internal Revenue Service. Werfel, 42, will replace Steven Miller, who was forced to resign yesterday...

Read more »

President Barack Obama, left, and former President George W. Bush arrive at the opening ceremony of the George W. Bush Presidential Center on April 25, 2013 in Dallas, Texas.

Photograph by Alex Wong/Getty Images

President Barack Obama, left, and former President George W. Bush arrive at the opening ceremony of the George W. Bush Presidential Center on April 25, 2013 in Dallas, Texas.

Obama’s Second Term vs. Bush’s Second Term: Job Approval #s

That second term can be a real problem. On May 19, 2005, the Pew Research Center reported that then-President George W. Bush’s popularity was slipping: “Americans are critical of President Bush’s job performance in many policy areas, but negative opinions...

Read more »

Construction crews work on new homes being built in San Ramon, California, on April 12, 2013.

Photograph by David Paul Morris/Bloomberg

Construction crews work on new homes being built in San Ramon, California, on April 12, 2013.

Building Permits Dwarf Ground-Breaking

Applications to build homes climbed in April to the highest level since June 2008, helping alleviate concern that a slump the same month in construction starts on new houses would mean less support for the economy in the second half...

Read more »

People march through the streets of Oxnard, California, for immigration reform and to honor the legacy of Cesar E. Chavez, founder of the United Farm Workers of America, on March 24, 2013.

Photograph by Joe Klamar/AFP via Getty Images

People march through the streets of Oxnard, California, for immigration reform and to honor the legacy of Cesar E. Chavez, founder of the United Farm Workers of America, on March 24, 2013.

Immigration Bill: Promise with a Prayer

At the rose-adorned grave-site of Cesar Chavez, co-founder of the National Farm Workers Association, widow Helen Chavez had one wish for the visiting President Barack Obama. “I would like to make sure and request that you get immigration reform passed,”...

Read more »

Former South Carolina Gov. Mark Sanford arrives to give his victory speech on May 7, 2013, in Mt. Pleasant, S.C. Sanford won back his old congressional seat in the state's 1st District in a special election.

Photograph by Rainier Ehrhardt/AP Photo

Former South Carolina Gov. Mark Sanford arrives to give his victory speech on May 7, 2013, in Mt. Pleasant, S.C. Sanford won back his old congressional seat in the state's 1st District in a special election.

Bloomberg by the Numbers: 16

That’s how many U.S. House members in the current 113th Congress have served non-consecutive tenures. The total includes Mark Sanford, a South Carolina Republican who was sworn in yesterday to the House, where he previously served from 1995 to 2001....

Read more »

Speaker of the House John Boehner, left, conducts a ceremonial swearing-in with U.S. Rep. Mark Sanford (R-SC), center, and his mother Peggy Sanford, right, at the Capitol on May 15, 2013 in Washington, DC.

Photograph by Chip Somodevilla/Getty Images

Speaker of the House John Boehner, left, conducts a ceremonial swearing-in with U.S. Rep. Mark Sanford (R-SC), center, and his mother Peggy Sanford, right, at the Capitol on May 15, 2013 in Washington, DC.

Sanford Takes Office, Declaring Himself ‘Humbled’ and Appreciative

Written with Greg Giroux Mark Sanford, the former South Carolina governor disgraced when he lied about his whereabouts to conceal an extramarital affair, found political redemption May 7 when South Carolina voters elected him to fill a vacant seat in Congress....

Read more »

A vehicle and the surround buildings burn after they were set on fire inside the U.S. consulate compound in Benghazi late on September 11, 2012.

Photograph by STR/AFP via Getty Images

A vehicle and the surround buildings burn after they were set on fire inside the U.S. consulate compound in Benghazi late on September 11, 2012.

Charge of the Obama Brigade: IRS, Benghazi, Reporters

President Barack Obama, addressing a live television audience from the White House, said the commissioner in charge of the IRS has been removed following the agency’s targeted scrutiny of conservative groups. “The misconduct uncovered is inexcuseable,” Obama said in a...

Read more »