Political Capital
An employee counts U.S. 100 dollar notes and 500 ruble notes, right, at the counter of an OAO Sberbank currency exchange in Moscow, Russia.

Photograph by Andrey Rudakov/Bloomberg

An employee counts U.S. 100 dollar notes and 500 ruble notes, right, at the counter of an OAO Sberbank currency exchange in Moscow, Russia.

Fed Doesn’t Target Exchange Rates — But if it Did…

Ask Federal Reserve officials about their goals for the U.S. exchange rate, and they will demur. The Fed’s standard response is that the strength or weakness of the dollar is a matter for the U.S. Treasury. Yet one of the...

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Secretary of State Hillary Clinton delivers remarks at a reception honoring Public/Private Partnerships in the Benjamin Franklin room of the State Department on January 31, 2013, in Washington, DC.

Photograph by Paul J. Richards/AFP via Getty Images

Secretary of State Hillary Clinton delivers remarks at a reception honoring Public/Private Partnerships in the Benjamin Franklin room of the State Department on January 31, 2013, in Washington, DC.

Hillary Clinton Shuts Down 2008 Committee While Deciding on 2016

Hillary Clinton, former U.S. secretary of state, U.S. senator from New York and first lady, has officially closed the committee from her unsuccessful bid for the 2008 Democratic presidential nomination. After paying off the last remaining debt from her campaign, and...

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President Barack Obama, First Lady Michelle Obama, daughters Sasha and Malia and The Easter Bunny, cheer on as children race to roll eggs as they participate in the White House Easter Egg Roll on the South Lawn of the White House in Washington, DC, on April 1, 2013.

Photograph by Saul Loeb/AFP via Getty Images

President Barack Obama, First Lady Michelle Obama, daughters Sasha and Malia and The Easter Bunny, cheer on as children race to roll eggs as they participate in the White House Easter Egg Roll on the South Lawn of the White House in Washington, DC, on April 1, 2013.

Obama’s Hoops: Two for 22 — So Much For Home-Court Advantage

Updated at 1:15 pm EDT It was bad enough that President Barack Obama already was “busted” in his NCAA bracket. Most of his early tournament picks fell, and last week his No. 1 pick, Indiana, was defeated. Yet, under a...

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A welder works inside a mud tank for a new oil and gas drilling rig at the Orion Drilling Co. manufacturing and fabrication facility in Corpus Christi, Texas.

Photograph by Eddie Seal/Bloomberg

A welder works inside a mud tank for a new oil and gas drilling rig at the Orion Drilling Co. manufacturing and fabrication facility in Corpus Christi, Texas.

Texas: Even Employment Gains Bigger

God Bless Texas… and North Dakota, and Utah. Texas led all the states in February with an 80,600 increase in net hiring, the biggest gain since the U.S. Labor Department started keeping records in 1982, figures released on March 29...

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Stephen Strasburg #37 of the Washington Nationals pitches against the Miami Marlins at Nationals Park on September 7, 2012 in Washington, DC.

Photograph by Greg Fiume/Getty Images

Stephen Strasburg #37 of the Washington Nationals pitches against the Miami Marlins at Nationals Park on September 7, 2012 in Washington, DC.

Washington Daybook: Play Ball

Congress is out on its second week of spring recess. President Barack Obama and first Lady Michelle Obama host the White House’s 135th annual Easter Egg Roll, with celebrity story-tellers, chefs and athletes. The Washington Nationals will put star pitcher Stephen...

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New American citizens take photos following a naturalization ceremony at the district office of U.S. Citizenship and Immigration Services (USCIS) on January 28, 2013 in Newark, New Jersey.

Photograph by by John Moore/Getty Images

New American citizens take photos following a naturalization ceremony at the district office of U.S. Citizenship and Immigration Services (USCIS) on January 28, 2013 in Newark, New Jersey.

Immigration: Gang of 535

As word of a deal between business and labor leaders emerged this weekend, clearing what appeared to be the last impediment in talks among a bipartisan group of eight senators crafting a plan to overhaul immigration, one of the leaders...

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President Barack Obama wipes tears as he speaks about the elementary school shooting in Newtown, Conn., Dec. 14, 2012, in the press briefing room of the White House.

Photograph by Charles Dharapak/AP Photo

President Barack Obama wipes tears as he speaks about the elementary school shooting in Newtown, Conn., Dec. 14, 2012, in the press briefing room of the White House.

Sandy Hook’s Legacy: Status Quo

Consider the possibility that these two things are true: – Nine in 10 Americans support the idea of more stringent background checks for gun buyers. The polls say so, and a share such as nine in 10 is so far...

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