Fractures in the Republican Party were in plain view on the Senate floor today as Sens. John McCain, Marco Rubio and Ted Cruz argued over the U.S. budget and debt ceiling processes. “Does my colleague from Florida believe that the...
Read more »McCain, Tea Party Senators Squabble Over Budget Procedure
Photograph by Andrew Harrer/Bloomberg
Senator Harry Reid, a Democrat from Nevada, listens to a question during a news conference after the weekly Democratic Policy Committee meeting in Washington, D.C.
Senate Recess Over, Playground Still Busy
“Like schoolyard bullies, if Republicans can’t win, they’ll take the ball and go home,” Senate Majority Leader Harry Reid complained during his session-opener this morning. The Nevada Democrat was referring to the impasse between House and Senate on how to...
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Photograph by Marc Rochette/Bloomberg
A Canadian flag flies over the Berens River in Berens River, Manitoba.
Canadian Invasion Not in the Budget
Lawmakers are agreed: We should not invade Canada. Debate over a Senate Democratic proposal to tap “unspent” Afghanistan war funds to cover the cost of halting budget sequestration veered today into the theoretical. Sen. Dick Durbin of Illinois was on...
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Photograph by Chip Somodevilla/Getty Images
Senate Budget Committee staff members hand out copies of the Obama Administration's proposed FY 2014 federal budget in the Dirksen Senate Office Building on Capitol Hill April 10, 2013 in Washington, DC.
Bloomberg by the Numbers: 67%
That’s the share of the higher taxes under President Barack Obama’s budget proposal that the top 1 percent of U.S. taxpayers would pay in 2023. The figure comes from the nonpartisan Tax Policy Center, which yesterday released an analysis of...
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Photograph by Richard Drew/AP Photo
Traders gather at a post on the floor of the New York Stock Exchange on April 11, 2013.
Record Stock Prices Make Top Earners Feel More Comfortable
Confidence among American households earning more than $100,000 climbed last week to the highest level in more than two years just as the Standard & Poor’s 500 Index set a new record, the Bloomberg Consumer Comfort Index showed today. The...
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JP Morgan Chase CEO Jamie Dimon, left, and Goldman Sachs CEO Lloyd Blankfein leave the White House after they and 13 other bank heads met with President Barack Obama on March 27, 2009 in Washington, DC.
Washington Daybook: Banks, Budgets and Guns
President Barack Obama will meet with the heads of the world’s biggest banks, including Goldman Sachs Group Inc.’s Lloyd C. Blankfein and JPMorgan Chase & Co.’s Jamie Dimon, seeking to strengthen ties that have been strained by new U.S. curbs...
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Photograph by Chip Somodevilla/Getty Images
Reporters, researchers and other members of the general public buy copies of the Obama Administration's proposed FY 2014 federal budget at the Government Printing Office Book Store April 10, 2013 in Washington, DC.
Bloomberg by the Numbers: 4.4%
That’s the share of the economy represented by the $744 billion federal budget deficit the Obama administration forecasts for the fiscal year that begins Oct. 1. The administration, which released its fiscal 2014 budget proposal yesterday, estimates that the deficit...
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Photograph by Nate Jenkins/AP Photo
Loose horses sold for slaughter.
Obama Budget: No Horse Meat
From Bloomberg Government’s Congress Tracker: President Barack Obama’s budget envisions zeroing out money for horse inspections, a move that — if it becomes law — would effectively block the slaughter of horses for human consumption in the U.S. Section 725,...
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Photograph by Andrew Harrer/Bloomberg
A man jogs past the U.S. Capitol in Washington, D.C.
Obama’s Call for Online Senate Reports: Transparency with a Savings
President Barack Obama’s budget request calls for Senate candidates to file their campaign finance reports electronically with the Federal Election Commission. Senators have exempted themselves from the electronic filing requirements that have applied to other federal candidates beginning in 2001....
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Photograph by Chip Somodevilla/Getty Images
Senate Budget Committee staff members hand out copies of the Obama Administration's proposed FY 2014 federal budget in the Dirksen Senate Office Building on Capitol Hill April 10, 2013 in Washington, DC.
Obama: ‘Not a Lot of Smoke and Mirrors’
The 2014 budget that President Barack Obama proposed today is all about creating jobs and boosting the economy, the president said today. His budget, he said, replaces the cuts of sequetration with “smarter ones.” It builds new roads and bridges,...
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Contributors
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Al Hunt
is a columnist for Bloomberg View and host of the weekly show "Political Capital with Al Hunt" on Bloomberg TV. -
Mark Silva
is deputy managing editor for government news in Washington and editor of Political Capital. He has covered the White House and national politics. -
Emma Fidel
is political editor for Bloomberg.com in Washington. She previously covered financial regulation as a Bloomberg intern. -
Don Frederick
edits political and government coverage for Bloomberg News. He previously worked for more than a decade at the Los Angeles Times' Washington bureau. -
Gregory Giroux
analyzes elections, financing of congressional and presidential elections, political advertising and demographics in Bloomberg's Washington Bureau. -
Julie Bykowicz
covers the influence of money and lobbying in Washington, and covered the state legislature and city crime for the Baltimore Sun for 10 years. -
Jonathan Salant
covers campaign finance and lobbying in Washington. He was president of the National Press Club and started in Washington in 1987. -
Richard Rubin
covers federal tax policy. He worked at Congressional Quarterly and The Charlotte Observer before joining Bloomberg News in 2010. -
Julie Hirschfeld Davis
is a senior political reporter for the Washington Bureau. She covered the 2012 campaign for Bloomberg News and previously covered the White House for the Baltimore Sun. -
Lisa Lerer
covers the White House and covered the 2012 campaign for Bloomberg News. She covered Congress, lobbying and the 2008 campaign for Politico. -
John McCormick
is a national political reporter looking forward to the 2016 presidential campaign, which will be the fifth he's covered. He's also reported for The Des Moines Register and Chicago Tribune. -
Julianna Goldman
covers the White House for Bloomberg News and Bloomberg Television. -
Hans Nichols
covers the White House for Bloomberg News and Bloomberg Television. -
Margaret Talev
covers the White House for Bloomberg News and covered the White House for McClatchy Newspapers. She has covered California and Florida politics. -
Cary O'Reilly
is Editor at Large at Bloomberg First Word and is Washington Daybook columnist for Bloomberg Government and Bloomberg News.
