Political Capital
Tyree Johnson, a 20-year McDonald's employee making minimum wage, wears an #FF15 pin in Chicago, Illinois, on Nov. 26, 2012.

Photograph by Daniel Acker/Bloomberg

Tyree Johnson, a 20-year McDonald's employee making minimum wage, wears an #FF15 pin in Chicago, Illinois, on Nov. 26, 2012.

Bloomberg by the Numbers: $9

That’s the federal minimum wage proposed by President Barack Obama. In his State of the Union address on Feb. 12, Obama said the hourly minimum wage should be raised to $9 from $7.25 by the end of 2015. “Today a...

Read more »

Gavin Newsom, lieutenant governor of California, is pitching a new book.

Photograph by CBS News

Gavin Newsom, lieutenant governor of California, is pitching a new book.

@GavinNewsom: Jerry Brown Watch

“Government should be as smart as Google,” Gavin Newsom said Friday at a party to celebrate the release of his book “Citizenville: How to Take the Town Square Digital and Reinvent Government.” The fete brought the Democratic lieutenant governor of...

Read more »

President Barack Obama on the golf course in Palm City, Florida.

Photograph by Getty Images

President Barack Obama on the golf course in Palm City, Florida.

Obama’s Florida Golf Weekend — Limbaugh’s Sweater Weather

More fun facts on the Floridian in Palm City, Florida, where President Barack Obama is having his guys’ golf getaway this President’s Day weekend. Jim Crane, the avid golfer who owns the club and also the Houston Astros baseball team,...

Read more »

A tack welder in Dubuque, Iowa.

Photograph by Daniel Acker/Bloomberg

A tack welder in Dubuque, Iowa.

Factories Show February Strength

At first glance, manufacturing seemed to show signs of bipolarity in today’s economic releases. The Federal Reserve in Washington reported that production in manufacturing dropped 0.4 percent in January. That followed big back-to-back gains of 1.7 percent in November and 1.1...

Read more »

A police officer rides a bicycle past the Capitol on Feb. 12, 2013.

Photograph by Andrew Harrer/Bloomberg

A police officer rides a bicycle past the Capitol on Feb. 12, 2013.

CBO Addresses Camp Criticism of Global Tax Study

The Congressional Budget Office says it should have sought more outside voices to look at a Jan. 8 report on international tax policy options. The nonpartisan agency responded today to concerns raised by Rep. Dave Camp, chairman of the House Ways and Means...

Read more »

Sen. Frank Lautenberg, the oldest member of the U.S. Senate, stands with his wife Bonnie Englebardt Lautenberg, as he waves to a gathering on Feb. 15, 2013, in his hometown of Paterson, N.J., where he announced plans to retire at the end of his current term.

Photograph by Mel Evans/AP Photo

Sen. Frank Lautenberg, the oldest member of the U.S. Senate, stands with his wife Bonnie Englebardt Lautenberg, as he waves to a gathering on Feb. 15, 2013, in his hometown of Paterson, N.J., where he announced plans to retire at the end of his current term.

Retiring Lautenberg is Senate’s Only Remaining World War II Veteran

New Jersey Democrat Frank Lautenberg’s decision not to seek re-election in 2014 almost assuredly will close an era in the U.S. Senate. With Lautenberg’s departure, the chamber won’t have any World War II veterans, barring the election in next year’s races of someone else...

Read more »




A United States Air Force Global Hawk drone, manufactured by Northrop Grumman Corp., is displayed during a media preview in Seongnam, South Korea, in this file photo.

Photograph by SeongJoon Cho/Bloomberg

A United States Air Force Global Hawk drone, manufactured by Northrop Grumman Corp., is displayed during a media preview in Seongnam, South Korea, in this file photo.

Corporate Political Committees Funding 2014 Campaigns

For companies like Northrop Grumman Corp. and Comcast Corp., it’s never too early to make political action committee contributions to future elections. Federal Election Commission reports show company PACs made donations in December to candidates next facing the voters two...

Read more »