Most economists project the second quarter will take the biggest hit from the mandated cuts in federal government spending, or sequestration. Economists at Goldman Sachs Group think the worst is yet to come. The topic of how much the economy...
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Photograph by Matt York/AP Photo
Allen Harding, of Armasight, demonstrates his products on March 12, 2013 at the Border Security Expo in Phoenix. More than 180 companies are exhibiting their security products despite automatic spending cuts that are affecting every federal government agency due to the government sequestration.
Biggest Sequestration Hit: Next Qtr
Photograph by Joe Raedle/Getty Images
People looking for work stand in line during a job fair at the Miami Dolphins Sun Life stadium on May 2, 2013 in Florida.
Fed Holding Benchmark Rate Near Zero Until 2016: Analysts
The Federal Reserve will hold its benchmark interest rate near zero, where it has been since December 2008, until early 2016 even as the jobless rate falls. That’s the conclusion of economists at Goldman Sachs Group Inc. in New York....
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Photograph by Matthew Staver/Bloomberg
An attendee visits the Northrop Grumman Corp. booth during the 28th National Space Symposium in Colorado Springs, Colorado, in this file photo.
Companies Donate Early to Dueling Political Parties
With Democrats leading the Senate and Republicans controlling the House of Representatives, it’s a good time for companies to nurture bipartisan alliances by making early campaign contributions to both parties. Following are some of the companies that made donations through...
Read more »Washington Daybook: Financial Gain
Written by Jim O’Connell Financial firms such as JPMorgan Chase would benefit from a Mitt Romney victory in the presidential election, analysts say, and Dodd-Frank Act regulations that take effect today might show why. The rules require companies to begin tallying derivatives trades to...
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Photograph by Norm Betts/Bloomberg
Lloyd C. Blankfein says he would be willing to pay higher taxes if he felt the increase was part of a solution aimed at helping reduce the national debt.
Blankfein: Tax Me, If It Will Help
Goldman Sachs Group Inc. Chief Executive Officer Lloyd C. Blankfein says he would be willing to pay higher taxes if he felt the increase was part of an overall solution aimed at helping reduce the national debt. “No one is...
Read more »Wall Street as Campaign Demon: One in 10 TV Ads Aired: $91 Mln
Every campaign season has its corporate demon. In 2002 it was Enron, in 2010 it was Lehman Brothers and BP. There’s a new scapegoat this year, with spending higher than ever. As we report on Bloomberg Television today, one of every 10...
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Photograph by Andrew Harrer/Bloomberg
The Supreme Court building in Washington.
Washington Daybook: New Beginnings
Fall, not Spring, is the season of new beginnings in Washington, with today’s start of the government’s fiscal year and a new term of the Supreme Court. For the 15th consecutive time, the federal fiscal year starts without Congress having finished...
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Photograph by Davis Turner/Bloomberg
Obama’s Address at Bank of America — or, Bank of Romney, Stadium
It initially seemed fitting for President Barack Obama to accept his party’s nomination for re-election at Bank of America Stadium in Charlotte, North Carolina, on the last night of the Democratic National Convention. Employees of the Charlotte-based bank whose name...
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Photograph by Mark Wilson/Getty Images
Lloyd Blankfein, Chairman and CEO of the Goldman Sachs Group, at the Economic Club of Washington luncheon, on July 18, 2012.
Lloyd Blankfein Calls at White House
The White House welcomed Wall Street through its doors today with a visit from Goldman Sachs CEO Lloyd Blankfein, who was in town to speak at the Economic Club of Washington. But it was not to meet with President Barack...
Read more »Romney’s Big Backers: Corporate Chiefs, Goldman Sachs, Bain Staff
There’s only so much that anyone can give to a candidate for president. Yet there are a lot of ways to support one. Mitt Romney’s joint fundraising effort with Republican Party committees has yielded seven donors giving at least $100,000,...
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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.
