Political Capital
A tractor cuts down corn in a field designated as zero yield on a farm in Vigo County near Terre Haute, Indiana.

Photograph by Victor J. Blue/Bloomberg

A tractor cuts down corn in a field designated as zero yield on a farm in Vigo County near Terre Haute, Indiana.

House Panel Scraps Draft Farm Bill

Written with Derek Wallbank The House Agriculture Committee canceled tentative plans to draft a new farm bill after its top Democrat sought a commitment that the legislation will be considered by the full chamber, according to committee leaders. “There’s going to be no...

Read more »

President Barack Obama and Vice President Joe Biden celebrate on election night,  Nov. 7, 2012 in Chicago, Illinois.

Photograph by Robyn Beck/AFP via Getty Images

President Barack Obama and Vice President Joe Biden celebrate on election night, Nov. 7, 2012 in Chicago, Illinois.

Congress Makes Obama-Biden Re-elections Official

A 22-minute joint session of Congress today certified the re-election of President Barack Obama and Vice President Joe Biden. Biden, who led the session as the Senate’s presiding officer, formally announced that he and Obama each received 332 electoral votes,...

Read more »

An employee grinds down the metal on an oil tank in Bremen, Ohio.

Photograph by Ty Wright/Bloomberg

An employee grinds down the metal on an oil tank in Bremen, Ohio.

Election-Year Closing: 7.8% Jobless

The election year closed with a jobless rate under 8 percent, a four-year low. The dip below 8 percent just before President Barack Obama’s re-election helped fulfill the White House’s narrative of a reviving economy, albeit a slow recovery. The...

Read more »

Senator Mark Kirk, a Republican from Illinois, second left, and Senator Joe Manchin, a Democrat from West Virginia, second right, wave with Vice President Joseph "Joe" Biden, left, on the steps of the Capitol in Washington on Jan. 3, 2013.

Photograph by Pete Marovich/Bloomberg

Senator Mark Kirk, a Republican from Illinois, second left, and Senator Joe Manchin, a Democrat from West Virginia, second right, wave with Vice President Joseph "Joe" Biden, left, on the steps of the Capitol in Washington on Jan. 3, 2013.

Washington Daybook: Election Day

Over? Nothing is over until Congress decides it is. The House and Senate meet in a constitutionally mandated joint session — presided over by Vice President Joe Biden — to count electoral college votes and finally declare President Barack Obama...

Read more »

Vice President Joe Biden arrives to a House Democratic caucus meeting at the Capitol on Jan. 1, 2013.

Photograph by Andrew Harrer/Bloomberg

Vice President Joe Biden arrives to a House Democratic caucus meeting at the Capitol on Jan. 1, 2013.

Biden to Formally Announce His Own Re-Election

The Constitution doesn’t say much about the formal duties of the vice president, though one of the perks is announcing your re-election if you win a second term. Vice President Joe Biden gets to do that today. In his official capacity...

Read more »

A customer in a show room in Niles, Illinois.

Photograph by Scott Olson/Getty Images

A customer in a show room in Niles, Illinois.

Bloomberg by the Numbers: 12.9

That’s how much the Bloomberg Consumer Comfort Index rose during 2012. The index, which measures Americans’ perceptions of the national economy, their personal finances and the buying climate, was minus 31.8 in the week ended Dec. 30, compared with minus...

Read more »

People walk through a newly-renovated corridor at the Pentagon in Arlington, Virginia.

Photograph by Rich Clement/Bloomberg

People walk through a newly-renovated corridor at the Pentagon in Arlington, Virginia.

Pentagon Off (Oops) by Billions

The Pentagon announced on Dec. 5 that C.R. Bard Inc. won a maximum $4.67 billion, one-year deal to deliver surgical products to the military. The award would have been a coup for Bard, representing almost twice the company’s $2.9 billion...

Read more »

Senate Majority Leader Harry Reid, a Democrat from Nevada, center, walks into the Capitol on Dec. 31, 2012.

Photograph by Andrew Harrer/Bloomberg

Senate Majority Leader Harry Reid, a Democrat from Nevada, center, walks into the Capitol on Dec. 31, 2012.

Reid’s Scars Not From Cliff-Diving

The 112th Congress may be in the rear-view mirror, but partisan battles fought over the last two years seem to have left their mark. Opening the 113th Congress, Senate Majority Leader Harry Reid made sure to clarify “that the marks...

Read more »


Demonstrators protest proposed cuts to social security, medicare and medicaid in Boston.

Photograph by John Tlumacki/The Boston Globe via Getty Images

Demonstrators protest proposed cuts to social security, medicare and medicaid in Boston.

Sequestration Frustration Peaks Among Contract Managers

In the federal contracting world it’s “frustration all around” as the government careens toward yet another deadline for automatic cuts known as sequestration, according to the head of the National Contract Management Association. “Some things have been resolved, but nothing...

Read more »