Political Capital

Jason Collins #98 of the Boston Celtics in a game against the Golden State Warriors on December 29, 2012 at Oracle Arena in Oakland, California.

Photograph by Rocky Widner/NBAE via Getty Images

Jason Collins #98 of the Boston Celtics in a game against the Golden State Warriors on December 29, 2012 at Oracle Arena in Oakland, California.

Obama Proud of Jason Collins

Among the flood of best wishes for Jason Collins, the NBA center who revealed in a Sports Illustrated essay this week that he is gay, came tweets from the White House — from first lady Michelle Obama, from Valerie Jarrett....

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Group photo portrait of author and humorist Mark Twain (a.k.a. Samuel L. Clemens), center, noted American Civil War correspondent and author George Alfred Townsend. left, and David Gray, editor of the Buffalo Courier, right.

Photograph via United States Library of Congress

Group photo portrait of author and humorist Mark Twain (a.k.a. Samuel L. Clemens), center, noted American Civil War correspondent and author George Alfred Townsend. left, and David Gray, editor of the Buffalo Courier, right.

Obama: ‘My Demise Exaggerated’

President Barack Obama, 100 days into his second term with a stumbling agenda, assured reporters at the White House today that any conclusions about failure are premature. “If you put it that way, I may as well pack up my...

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A Syrian officer is seen through the wreckage of a vehicle following an explosion in the Mazzeh district of Damascus on April 29, 2013, which is believed to have targeted the prime minister's convoy.

Photograph by Louai Beshara/AFP via Getty Images

A Syrian officer is seen through the wreckage of a vehicle following an explosion in the Mazzeh district of Damascus on April 29, 2013, which is believed to have targeted the prime minister's convoy.

Obama: ‘Game-Changer’ Means ‘Range of Options’ in Syria

Opening the second news conference of his second term without an opening statement of his own, President Barack Obama fielded an opening question about Syria. The U.S. needs credible evidence that stands up here and in the international community, he...

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President Barack Obama during a meeting with Hamad bin Khalifa al-Thani, the Amir of Qatar, unseen, in the Oval Office of the White House on April 23, 2013.

Photograph by Joshua Roberts/Bloomberg

President Barack Obama during a meeting with Hamad bin Khalifa al-Thani, the Amir of Qatar, unseen, in the Oval Office of the White House on April 23, 2013.

Obama: 100 Days In, Red Line Deadline?

One hundred days into his second term as president, today, April 30, President Barack Obama has plenty to talk about at a White House news conference. Including what hasn’t happened at home — where his fervent pleas for new gun...

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Ali al-Naimi, Saudi Arabia's oil minister, gestures to the media prior to the start of the 160th Organization of Petroleum Exporting Countries (OPEC) meeting in Vienna, Austria, on Dec.14, 2011.

Photograph by Vladimir Weiss/Bloomberg

Ali al-Naimi, Saudi Arabia's oil minister, gestures to the media prior to the start of the 160th Organization of Petroleum Exporting Countries (OPEC) meeting in Vienna, Austria, on Dec.14, 2011.

Washington Daybook: To the Summit

Bloomberg LINK hosts a Washington Summit all day today at the headquarters of Foreign Affairs Magazine with speakers including Commodity Futures Trading Commission Chairman Gary Gensler, Federal Communications Commission Chairman Julius Genachowski, Lazard Vice Chairman Gary Parr, White House Council...

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The U.S. Department of the Treasury building in Washington, D.C.

Photograph by Andrew Harrer/Bloomberg

The U.S. Department of the Treasury building in Washington, D.C.

Bloomberg by the Numbers: $35 Bln

That’s how much government debt the Treasury Department projects it will pay down in this year’s second quarter. That would mark the first net decline in debt since 2007, before the deepest recession since the Great Depression took hold. The...

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House of Representatives Democratic candidate for the state of South Carolina Elizabeth Colbert Busch, listens to her opponent Republican candidate for the open Congressional seat of South Carolina, Former South Carolina Governor Mark Sanford, during their debate at the Citadel on April 29, 2013 in Charleston, South Carolina.

Photograph by Richard Ellis/Getty Images

House of Representatives Democratic candidate for the state of South Carolina Elizabeth Colbert Busch, listens to her opponent Republican candidate for the open Congressional seat of South Carolina, Former South Carolina Governor Mark Sanford, during their debate at the Citadel on April 29, 2013 in Charleston, South Carolina.

Sanford vs. Colbert Busch in Debate

Former South Carolina Republican Gov. Mark Sanford promoted his anti-spending views, and Democratic opponent Elizabeth Colbert Busch touted her political independence in their only debate before a May 7 election in a vacant U.S. House district. Sanford, seeking a political...

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A Delta Airlines jet passes an American flag during take-off at Los Angles International Airport (LAX) on April 22, 2013. Delays have been reported throughout the nation because of the furloughing of air traffic controllers under sequestration.

Photograph by David McNew/Getty Images

A Delta Airlines jet passes an American flag during take-off at Los Angles International Airport (LAX) on April 22, 2013. Delays have been reported throughout the nation because of the furloughing of air traffic controllers under sequestration.

Blame Pinned for FAA Flight Delays

Seldom has Congress moved so swiftly as when it responded to the uproar over delays at airports following the FAA’s sequestration-driven furloughs. And the American public hasn’t wasted time assigning blame for the delays. People are pinning it on both the...

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An employee grabs sheets of five dollar to be loaded into a machine at the Bureau of Engraving and Printing in Washington, D.C., on April 23, 2013.

Photograph by Andrew Harrer/Bloomberg

An employee grabs sheets of five dollar to be loaded into a machine at the Bureau of Engraving and Printing in Washington, D.C., on April 23, 2013.

Inflation Concern Misplaced, Prices Cool

Arguably, the most important news from today’s Commerce Department report on consumer spending and incomes had little to do with either. The data also showed inflation is getting uncomfortably low. Prices tied to consumer spending patterns, or the unfortunately named...

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