Political Capital

Regulation

John Koskinen, commissioner of the Internal Revenue Service (IRS), swears in to a House Oversight and Government Reform Subcommittee hearing in Washington, D.C., on July 23, 2014.

Photograph by Andrew Harrer/Bloomberg *

John Koskinen, commissioner of the Internal Revenue Service (IRS), swears in to a House Oversight and Government Reform Subcommittee hearing in Washington, D.C., on July 23, 2014.

IRS Needs Commission Bosses: Report

House Republicans are so sick of dealing with Internal Revenue Service commissioners that they want to get rid of the job entirely. IRS Commissioner John Koskinen should be replaced by a bipartisan commission, according to a House Oversight and Government...

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Shoppers are reflected in a mirror during the grand opening of the Hennes & Mauritz AB flagship store in New York on July 17, 2014.

Photograph by Victor J. Blue/Bloomberg

Shoppers are reflected in a mirror during the grand opening of the Hennes & Mauritz AB flagship store in New York on July 17, 2014.

Bloomberg by the Numbers: 90.9

The Conference Board’s consumer confidence index rose to 90.9 this month, the highest since October 2007. The index rose from a revised 86.4 in June. “Obviously the 2.5 million jobs the economy racked up in the last year is making...

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Robert "Bob" McDonald, former chief executive officer of Procter & Gamble Co., with a copy of the "Department of Veterans Affairs Strategic Plan Framework" while testifying during a nomination hearing before the Senate Veterans Affairs Committee in Washington, D.C., on July 22, 2014.

Photograph by Pete Marovich/Bloomberg

Robert "Bob" McDonald, former chief executive officer of Procter & Gamble Co., with a copy of the "Department of Veterans Affairs Strategic Plan Framework" while testifying during a nomination hearing before the Senate Veterans Affairs Committee in Washington, D.C., on July 22, 2014.

Bloomberg by the Numbers: $17 Billion

That’s the cost of a compromise bill that would address problems in the Veterans Administration’s health-care service. The legislation “makes certain that we address the immediate crisis of veterans being forced onto long waiting lines for health care,” Sen. Bernie...

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House Oversight and Government Reform Subcommittee on Government Operations Chairman John Mica (R-FL) holds a fake hand-rolled cigarette during a hearing about marijuana laws in the Rayburn House Office Building on May 9, 2014 in Washington, DC.

Photograph by Chip Somodevilla/Getty Images

House Oversight and Government Reform Subcommittee on Government Operations Chairman John Mica (R-FL) holds a fake hand-rolled cigarette during a hearing about marijuana laws in the Rayburn House Office Building on May 9, 2014 in Washington, DC.

Pot, Not Potholes: D.C. Activists Take the Hill

Andy Harris doesn’t represent the District of Columbia in Congress and, unlike the person who does, he has a vote. Yet today, the Maryland Republican got a full airing of grievances related to the District. “DC Residents will deliver their...

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Production at the Barnett Shale.

Photograph by Ron T. Ennis/Fort Worth Star-Telegram/MCT via Getty Images

Production at the Barnett Shale.

EPA Rules a Boon for Texas: Energy Study

Texas Gov. Rick Perry calls the Environmental Protection Agency’s carbon-reduction plan a “direct assault” on energy providers. A new study, however, says the producers in his state may be its biggest beneficiaries. A study set for release today from the independent Center for Strategic and...

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Grain railroad cars in Jeffersonville, Indiana.

Photograph by Luke Sharrett/Bloomberg

Grain railroad cars in Jeffersonville, Indiana.

Railroad Lobby: 15 Percent Boost

Railroads are doing what companies do when they’re faced with a government regulation that could add to the costs of doing business: Spending more on Washington lobbying. The Association of American Railroads, which represents rail lines like Berkshire Hathaway Inc.’s...

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