Political Capital
U.S. Department of the Treasury Internal Revenue Service (IRS) 1040 Individual Income Tax forms

Photograph by Daniel Acker/Bloomberg

U.S. Department of the Treasury Internal Revenue Service (IRS) 1040 Individual Income Tax forms

Tax Day April Fool’s Plus Two Weeks: Cruz

They don’t call him a Tea Partier for nothing. “I don’t think it’s any coincidence that the month of April begins with April Fool’s Day and then two weeks later Tax Day comes,” Texas Sen. Ted Cruz says in a...

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Organizing for Action head Jim Messina.

Photograph by Mandel Ngan/AFP via Getty Images

Organizing for Action head Jim Messina.

Bloomberg by the Numbers: 109,582

That’s how many people contributed to Organizing for Action, the issue-advocacy group founded by President Barack Obama’s former campaign aides. OFA raised $4.9 million in the first quarter since it was formed in late January, the group said in a...

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Secretary of State John Kerry, center, is welcomed and escorted by U.S. Ambassador to South Korea Sung Y. Kim, left, and deputy director general of South Korea's Foreign Ministry, Moon Seoung-hyun, in front of a traditional honor guard at Seoul air base on April 12, 2013.

Photograph by Paul J. Richards/Pool

Secretary of State John Kerry, center, is welcomed and escorted by U.S. Ambassador to South Korea Sung Y. Kim, left, and deputy director general of South Korea's Foreign Ministry, Moon Seoung-hyun, in front of a traditional honor guard at Seoul air base on April 12, 2013.

Washington Daybook: Definitely Maybe

Will budget cuts reduce U.S. economic growth? No, according to economists surveyed by Bloomberg whose median forecast is solid 3 percent growth in the first quarter. Yes, says the International Monetary Fund, which lowered its forecast for U.S. growth for...

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Sen. Joe Manchin of West Virginia, D-W.Va., left, and Sen. Patrick Toomey, R-Pa., arrive at a news conference on Capitol Hill in Washington, on April 10, 2013, to announce that they have reached a bipartisan deal on expanding background checks to more gun buyers.

Photograph by J. Scott Applewhite/AP Photo

Sen. Joe Manchin of West Virginia, D-W.Va., left, and Sen. Patrick Toomey, R-Pa., arrive at a news conference on Capitol Hill in Washington, on April 10, 2013, to announce that they have reached a bipartisan deal on expanding background checks to more gun buyers.

Toomey, Manchin: Read Second Amendment Rights Protection Act

Read it, say Sens. Pat Toomney and Joe Manchin: The Public Safety and Second Amendment Rights Protection Act. In the art of bill title as political statement, this one’s a classic. They put their bill online last night.  Manchin even...

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Department of the Treasury Internal Revenue Service (IRS) 1040 Individual Income Tax forms for the 2012 tax year.

Photograph by Daniel Acker/Bloomberg

Department of the Treasury Internal Revenue Service (IRS) 1040 Individual Income Tax forms for the 2012 tax year.

Bloomberg by the Numbers: 2%

That’s the share of Americans who identified taxes as the biggest problem facing the nation, according to Gallup surveys last month. The share of people identifying taxes as the biggest problem historically has been in the low single digits, according...

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Jim Graves, CEO of the Graves Hospitality hotel company, is applauded as he enters the room with his wife Julie, right, on April 10, 2012 in St. Cloud, Minn.

Photograph by Glen Stubbe/The Star Tribune/AP Photo

Jim Graves, CEO of the Graves Hospitality hotel company, is applauded as he enters the room with his wife Julie, right, on April 10, 2012 in St. Cloud, Minn.

Losers of Close 2012 Races Seek 2014 Rematches

‘Tis the season for would-be members of Congress to announce rematches of close losses last November. Minnesota businessman Jim Graves, a Democrat who came within 1.2 percentage points of unseating Republican Michele Bachmann in 2012, said today he’d try again in...

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