Political Capital
People play in a fountain outside of the Fairmont Hotel in downtown San Jose, California, in this file photo.

Photograph by Justin Sullivan/Getty Images

People play in a fountain outside of the Fairmont Hotel in downtown San Jose, California, in this file photo.

Bloomberg by the Numbers: 72

That’s the percentage of all high-income U.S. households that live in the country’s 50 most populous metropolitan areas, according to a report yesterday by the Census Bureau. The Bridgeport-Stamford-Norwalk metropolitan area in Connecticut had the largest share of high-income households, with...

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Photos of Sandy Hook Elementary School shooting victims sits at a small memorial near the school on Jan. 14, 2013 in Newtown, Connecticut.

Photograph by John Moore/Getty Images

Photos of Sandy Hook Elementary School shooting victims sits at a small memorial near the school on Jan. 14, 2013 in Newtown, Connecticut.

Newtown Will Be Well Represented at State of the Union Address

While the attendance of Ted Nugent at President Barack Obama’s State of the Union address presumably guarantees camera-time for the rocker-and-gun-enthusiast, especially when the speech focuses on gun control, other guests in the U.S. House gallery audience also will be paying...

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Musician Ted Nugent plays the national anthem during a rally for Republican John Raese's U.S. Senate campaign in Charleston, West Virginia, in this file photo.

Photograph by Randy Snyder/Getty Images

Musician Ted Nugent plays the national anthem during a rally for Republican John Raese's U.S. Senate campaign in Charleston, West Virginia, in this file photo.

Ted Nugent, Pro-Gun Rocker, to Attend Obama’s Big Speech

At the National Rifle Association’s annual convention last April in St. Louis, rock musician and pro-gun activist Ted Nugent declared: “I will be either dead or in jail by this time next year,” if President Obama won re-election. Obama did, of course. And...

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A Bank of America Corp. branch in New York City.

Photograph by Victor J. Blue/Bloomberg

A Bank of America Corp. branch in New York City.

Bill to Limit Too-Big-to-Fail Bank Risk Prepared in House

Rep. John Campbell plans to offer legislation aimed at reducing the size of “too-big-to-fail” banks by requiring them to hold more capital including long-term debt. Campbell’s bill comes as a number of lawmakers and regulators from both parties — including Federal Reserve Governor Daniel...

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Jennifer Granholm, former governor of Michigan, arrives on stage to speak during day three of the Democratic National Convention (DNC) in Charlotte, North Carolina.

Photograph by Scott Eells/Bloomberg

Jennifer Granholm, former governor of Michigan, arrives on stage to speak during day three of the Democratic National Convention (DNC) in Charlotte, North Carolina.

Granholm Won’t Join Obama Cabinet

Jennifer Granholm might have been one of President Barack Obama’s most vocal supporters in 2012, but the former Michigan governor has ruled out becoming part of his second-term team. The former Current TV host and two-term governor told the Detroit News she doesn’t...

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Massachusetts Governor Deval Patrick and Secretary of State John Kerry during the re-enactment of the swearing-in of Senator William 'Mo' Cowan on Feb. 7, 2013 at the Old Senate Chamber of the Capitol.

Photograph by Alex Wong/Getty Images

Massachusetts Governor Deval Patrick and Secretary of State John Kerry during the re-enactment of the swearing-in of Senator William 'Mo' Cowan on Feb. 7, 2013 at the Old Senate Chamber of the Capitol.

Cowan Holds Kerry’s Seat, But Not His Desk

From Bloomberg Government’s Congress Tracker blog: William “Mo” Cowan took John Kerry’s seat. Who gets his desk? Each senator is assigned a desk on the chamber floor, and Kerry — who represented Massachusetts for 28 years and is now secretary...

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Flight deck personnel direct an aircraft onto Catapult Four after an S-3B Viking, assigned to Anti-submarine Squadron Two Two, takes off from the flight deck of the U.S. Navy's aircraft carrier USS Harry S. Truman in this file photo.

Photograph by Photographer's Mate Third Class (AW/SW) Danny Ewing Jr./U.S. Navy via Bloomberg

Flight deck personnel direct an aircraft onto Catapult Four after an S-3B Viking, assigned to Anti-submarine Squadron Two Two, takes off from the flight deck of the U.S. Navy's aircraft carrier USS Harry S. Truman in this file photo.

USS Truman: Sequestration Mission

The USS Harry S. Truman has been assigned a difficult mission with an uncertain outcome: Stay in port to help protect the Pentagon from sequestration. With the automatic spending cuts set to take effect on March 1 unless President Barack...

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Denver County election judge Paul Aragon collects early ballots from a passing motorist outside the Denver Elections Division building.

Photograph by Marc Piscotty/Getty Images

Denver County election judge Paul Aragon collects early ballots from a passing motorist outside the Denver Elections Division building.

The 10 Closest Counties of the 2012 Presidential Election

Chaffee County, Colorado, and Lenoir County, North Carolina, don’t attract much attention in national politics because they’re not big population centers. Yet Chaffee, located about 130 miles southwest of Denver, and Lenoir, which takes in Kinston and other territory in...

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Chuck Hagel, nominee for U.S. secretary of defense, listens to a question during a Senate Armed Services Committee hearing in Washington on Jan. 31, 2013.

Photograph by Andrew Harrer/Bloomberg

Chuck Hagel, nominee for U.S. secretary of defense, listens to a question during a Senate Armed Services Committee hearing in Washington on Jan. 31, 2013.

Panel Said to Plan Hagel Vote Tomorrow

From Bloomberg Government’s Congress Tracker blog: Senate Armed Services Committee Chairman Carl Levin will seek a vote by the panel tomorrow on Chuck Hagel’s nomination as Defense secretary, according to a committee aide who asked not to be identified. Senate...

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