That’s how much government debt the Treasury Department projects it will pay down in this year’s second quarter. That would mark the first net decline in debt since 2007, before the deepest recession since the Great Depression took hold. The...
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Photograph by Andrew Harrer/Bloomberg
The U.S. Department of the Treasury building in Washington, D.C.
Bloomberg by the Numbers: $35 Bln
Photograph by Scott Olson/Getty Images
Obama Campaign Still Owes $3 Million
President Barack Obama’s campaign committee, Obama for America, still owes $3.1 million, new Federal Election Commission filings show. The debts include $626,886 for stage, sound and lighting at campaign events; $500,757 for telemarketing and more than $216,146 for legal fees....
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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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Speaker of the House John Boehner speaks during a press briefing March 14, 2013 at the Capitol in Washington, DC.
Boehner: Tax Talk ‘Over’
Updated at 11:30 am EDT House Speaker John Boehner has given at the office. And he’s not giving any more on taxes, he reasserted today. The Ohio Republican, in an interview with ABC News’ Martha Raddatz airing on “This Week”...
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An adult daycare center in Novato, California.
Obama: Debt No ‘Immediate Crisis’ — CBO: ‘Serious Consequences’
“We don’t have an immediate crisis in terms of debt,” President Barack Obama said, during a discussion of the federal deficit and budget talks with Congress in an interview aired today by ABC News’ “Good Morning America.”’ “In fact,” the president...
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Photograph by Andrew Harrer/Bloomberg
Dennis Kucinich, a Democrat from Ohio, speaks to the media following a meeting with President Barack Obama at the White House in this file photo.
Kucinich Raises $1 — Half-Million in Debt To Go
Dennis Kucinich has yet to shake the nearly $500,000 in debts and obligations from a presidential bid he aborted almost a decade ago. And judging by the Federal Election Commission report that Kucinich for President filed today, it’ll be a...
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Photograph by Daniel Acker/Bloomberg
Hillary Clinton stickers at a presidential campaign event for her in New York in this file photo.
Hillary Clinton Debt-Free for 2016
Outgoing Secretary of State Hillary Clinton, often mentioned as a potential 2016 Democratic presidential candidate, has cleared up her finances from her unsuccessful 2008 candidacy. New Federal Election Commission filings show she has fully paid all of her campaign debts,...
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Photograph by J. Scott Applewhite/AP Photo
Last month, the government’s budget deficit was the best December monthly total since 2007.
Bloomberg by the Numbers: $260 Million
That was the U.S. budget deficit last month, the government’s best December monthly total since 2007. The deficit fell from $86 billion in December 2011, according to data from the Treasury Department. The government had a $48.3 billion surplus in...
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Photograph by Roger Wollenberg/Getty Images
Speaker of the House John Boehner, Senate Majority Leader Harry Reid, House Minority Leader Nancy Pelosi, and Senate Minority Leader Mitch McConnell emerge from the White House on Nov. 16, 2012.
Fiscal Cliff Deal No Deficit Solution
One might think, given all the debate over tax increases and spending cuts and averting a “fiscal cliff” at year’s end, that the White House’s pursuit of a $4-trillion, 10-year solution suggests the government’s habit of deficit spending could be...
Read more »Bowles: One-in-Three Chance of Deal
One in three. That’s how Erskine Bowles, co-chairman of President Barack Obama’s fiscal commission and a former White House chief of staff for Bill Clinton, rates the chances of approval of an agreement this year to avert the so-called fiscal...
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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.
