Political Capital
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...

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Sen. Frank Lautenberg, right, and Sen. Max Baucus arrive at the weekly Senate Democratic Policy Luncheon at the Capitol on Jan. 29, 2013.

Photograph by Alex Wong/Getty Images

Sen. Frank Lautenberg, right, and Sen. Max Baucus arrive at the weekly Senate Democratic Policy Luncheon at the Capitol on Jan. 29, 2013.

Bloomberg by the Numbers: 13

That’s how many consecutive U.S. Senate elections Democrats have won in New Jersey. The Democratic winning streak began in 1976, when Harrison Williams was elected for the fourth and final time, and was extended in 2012, when Democrat Robert Menendez...

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At the Senate Armed Services Committee, Sen. Ted Cruz, right, confers with Sen. James Inhofe, the ranking member, left, during a short recess in the confirmation hearing of Chuck Hagel, a former two-term senator and President Obama's choice to lead the Pentagon, on Capitol Hill on Jan. 31, 2013.

Photograph by J. Scott Applewhite/AP Photo

At the Senate Armed Services Committee, Sen. Ted Cruz, right, confers with Sen. James Inhofe, the ranking member, left, during a short recess in the confirmation hearing of Chuck Hagel, a former two-term senator and President Obama's choice to lead the Pentagon, on Capitol Hill on Jan. 31, 2013.

Ted Cruz Left Speechless in Sparring Over Hagel

Newly elected Texas Sen. Ted Cruz, a leader in the Republican fight against President Barack Obama’s nomination of Chuck Hagel to head the Defense Department, was silent as several party colleagues continued the battle today on the Senate floor. Cruz’s reticence, though, had...

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Senator Elizabeth Warren, a Democrat from Massachusetts, questions regulators during a Senate Banking Committee hearing in Washington on Feb. 14, 2013.

Photograph by Andrew Harrer/Bloomberg

Senator Elizabeth Warren, a Democrat from Massachusetts, questions regulators during a Senate Banking Committee hearing in Washington on Feb. 14, 2013.

Elizabeth Warren Decries ‘Too-Big-For-Trial’ Approach to Banks

If there was any thought that Elizabeth Warren, who portrayed herself as an anti-Wall Street cop during her 2012 Senate campaign, would soften her attacks on banks once in office, she quickly dismissed such notions today. Warren used her first hearing as a member...

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Richard Cordray, director of the Consumer Financial Protection Bureau (CFPB), speaks during a Senate Banking Committee hearing in Washington on Feb. 14, 2013.

Photograph by Andrew Harrer/Bloomberg

Richard Cordray, director of the Consumer Financial Protection Bureau (CFPB), speaks during a Senate Banking Committee hearing in Washington on Feb. 14, 2013.

54 Senators On Record Backing Cordray for CFPB Post

President Barack Obama already knew that Senate Democrats supported his choice of Richard Cordray to direct the Consumer Financial Protection Bureau. So why did 52 Democrats and two like-minded independents put their signatures to a letter today telling him what he...

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Sen. Frank Lautenberg walks to the Senate floor from a Democratic caucus meeting on Capitol Hill on Feb. 14, 2013. Lautenberg, 89, has decided not to seek re-election on order to clear the way for Democratic Newark Mayor Cory Booker to assume the spot.

Photograph by J. Scott Applewhite/AP Photo

Sen. Frank Lautenberg walks to the Senate floor from a Democratic caucus meeting on Capitol Hill on Feb. 14, 2013. Lautenberg, 89, has decided not to seek re-election on order to clear the way for Democratic Newark Mayor Cory Booker to assume the spot.

Lautenberg Goes — Maybe Not Gently — But He Goes

Octogenarian Frank Lautenberg – close to being a nonagenarian — seemed to delight in sending mixed signals on whether he would run for Senate re-election next year in New Jersey. So much so that the front page of yesterday’s New York Times...

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Eric Holder, U.S. attorney general, listens to a question during a news conference in Washington on Feb. 5, 2013.

Photograph by Andrew Harrer/Bloomberg

Eric Holder, U.S. attorney general, listens to a question during a news conference in Washington on Feb. 5, 2013.

Top Holder Aide to Leave Justice for Axelrod Firm

A top aide to Attorney Eric Holder will depart next month to join the public relations firm co-founded by one of President Barack Obama’s closest advisors, political strategist David Axelrod. Tracy Schmaler, head of the Justice Department’s public affairs operation, will...

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Republican presidential candidate Mitt Romney confers with advisers on board his campaign plane on Oct. 1, 2012.

Photograph by Jewel Samad/AFP via Getty Images

Republican presidential candidate Mitt Romney confers with advisers on board his campaign plane on Oct. 1, 2012.

Romney-Inspired Tax-Hike Idea Put on Back Burner

Written with Kathleen Hunter A tax-increase proposal inspired by Republican presidential candidate Mitt Romney’s portfolio won’t be included in a plan by Senate Democrats to avert automatic spending cuts as of March 1, a Democratic aide said. The proposal would impose limits...

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Actor James Gandolfini as Leon Panetta in "Zero Dark Thirty."

Photograph by Jonathan Olley/Columbia Pictures/Everett Collection

Actor James Gandolfini as Leon Panetta in "Zero Dark Thirty."

Panetta Sees Himself More Like Pacino Than Gandolfini

Just exactly a month ago, Defense Secretary Leon Panetta steered clear of critiquing “Zero Dark Thirty” when asked about the film by reporters flying with him to Lisbon. Today, though, he offered a casting quibble. “The guy who plays me isn’t quite, quite...

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President Barack Obama, center, arrives to deliver the State of the Union address to a joint session of Congress on Feb. 12, 2013.

Photograph by Charles Dharapak/Pool via Bloomberg

President Barack Obama, center, arrives to deliver the State of the Union address to a joint session of Congress on Feb. 12, 2013.

Trillion-Dollar Math Quiz: Does Obama Pass?

President Bill Clinton sang the praises of “arithmetic” in his 2012 convention speech. President Barack Obama relied on “math” in his debates with Mitt Romney to argue for his deficit reduction package. But Obama has used some contradictory numbers himself....

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