Political Capital

Wind turbines generate power at the San Gorgonio Pass Wind Farm in Whitewater, Calif.

Photograph by Konrad Fiedler/Bloomberg

Wind turbines generate power at the San Gorgonio Pass Wind Farm in Whitewater, Calif.

Gramm: Windmills an Eyesore, Energy Tax Credits a Waste

Phil Gramm, a former U.S. Republican senator from Texas who now advises hedge funds, may have a new role: chief wind-energy antagonist. Gramm, a fiscal conservative who sought to cut federal spending during his career in Congress, says a tax...

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Afghan President Hamid Karzai (L) and U.S. President Barack Obama hold a joint news conference in the East Room of the White House Jan. 11, 2013 in Washington.

Photograph by Chip Somodevilla/Getty Images

Afghan President Hamid Karzai (L) and U.S. President Barack Obama hold a joint news conference in the East Room of the White House Jan. 11, 2013 in Washington.

Obama-Karzai: Springtime Handoff for Security, U.S. Draw-Down Follows

President Barack Obama, discussing the hand-off of security in Afghanistan to the government of Hamid Karzai and the draw-down of U.S. troops, was asked today of the “huge” cost of life involved in the war there is justified — in...

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U.S. President Barack Obama delivers the State of the Union address to a joint session of Congress at the Capitol in Washington, Jan. 24, 2012.

Photograph by Andrew Harrer/Bloomberg

U.S. President Barack Obama delivers the State of the Union address to a joint session of Congress at the Capitol in Washington, Jan. 24, 2012.

State of the Union: Debt Ceiling Here

President Barack Obama was formally invited today to give this year’s State of the Union address on Feb. 12. That is Abraham Lincoln’s birthday. Obama will take his official oath of office for a second term on Jan. 20 on...

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Protestors demonstrate in front of the US Supreme Court in Washington. This week marks the 11th anniversary of the opening of the prison.

Photograph by Saul Loeb/AFP via Getty Images

Protestors demonstrate in front of the US Supreme Court in Washington. This week marks the 11th anniversary of the opening of the prison.

Washington Daybook: Troop Talks

President Barack Obama holds a press conference today at the White House with Afghanistan President Hamid Karzai after talks on how many of the 66,000 U.S. troops in Afghanistan should remain after 2014 to help fight terrorists. Karzai is seeking...

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Chairman Pete Sessions, R-Texas, standing, greets Rep. Michael Burgess, R-Texas, as Rep. Ileana Ros-Lehtinen, R-Fla., looks on, during the first House Rules Committee.

Photograph by Tom Williams/CQ Roll Call

Chairman Pete Sessions, R-Texas, standing, greets Rep. Michael Burgess, R-Texas, as Rep. Ileana Ros-Lehtinen, R-Fla., looks on, during the first House Rules Committee.

Southern Discomfort: Fights Ahead

With President Barack Obama and Congress poised to clash over spending cuts and raising the $16.4 trillion federal debt limit, reaching a deal may be complicated by a North-South divide among Republicans made wider by the 2012 elections. In the South, most...

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Payday Advance signs at California Check Cashing in Oakland, Calif. Less money will be in U.S. paychecks due to a higher Social Security tax rate.

Photograph by Michael Short/Zuma Press via Corbis

Payday Advance signs at California Check Cashing in Oakland, Calif. Less money will be in U.S. paychecks due to a higher Social Security tax rate.

Bloomberg by the Numbers: -34.4

That’s the Bloomberg Consumer Comfort Index for the week ended Jan. 6. The index, which is derived from how Americans rate the economy, the buying climate and their personal finances on a scale of minus 100 to plus 100, fell...

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