President Barack Obama called on Congress today to approve another round of short-term budget cuts and also changes in the tax code to eliminate some “loopholes” and avert the next deadline for automatic spending cuts. “If we’re serious about paying...
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Photograph by Alex Wong/Getty Images
President Barack Obama urged the Congress to take action to avoid sequester cuts with a short term budget fix today.
Obama Seeks Short-Term Cuts, Taxes
Photograph by Andrew Harrer/Bloomberg
Visitors ride on Segway personal transporter vehicles past the U.S. Capitol building in Washington.
Bloomberg by the Numbers: 38
That’s the percentage of U.S. adults who say that President Barack Obama and Republicans in Congress will reach an agreement to avert the so-called fiscal cliff, according to a Pew Research Center poll. Fifty-three percent of respondents would blame Republicans...
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Government contractor Oshkosh Corp.'s M-ATV vehicle. Photograph by Oshkosh Corp. via Bloomberg
U.S. Contract Terminations Coming
Contractors may see more canceled deals with the U.S. government as the federal budget shrinks, according to Robert Burton, a former top procurement official under President George W. Bush. “Terminations for convenience” on federal awards will “absolutely” trend upwards, said...
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Photograph by Tim Hall
The so-called Fiscal Cliff could have a serious impact on the economy.
Fiscal Cliff’s ‘Stark’ Impact: 4% GDP
The budgetary cocktail of tax and spending cuts looming at year’s end, the so-called “fiscal cliff,” could have a serious impact on the economy “unless lawmakers reach a compromise to extend some or all of the temporary tax cuts and...
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Photograph by Staff Sgt. Todd A Christopherson/U.S. Army/AP Photo
U.S. Army UH-60 Black Hawk helicopters from the 159th Combat Aviation Brigade, 101st Airborne Division, land to pick-up soldiers from 2nd Battalion, 506th Infantry Regiment, 4th Brigade Combat Team, 101st Airborne Division while conducting an air assault in preparation for the Week of Eagles, at Fort Campbell, Ky.
Sequestration Derangement Syndrome Hits Washington
A new psychological disorder is afflicting Washington: sequestration derangement syndrome. Symptoms for members of Congress include deep remorse for voting for last year’s Budget Control Act and the sin of forcing $110 billion in automatic cuts to government spending on...
Read more »Romney-Ryan’s `Comeback Team’ — The `Go Back Team,’ per Axelrod
That rapid-response video we showed you earlier today about the Republican ticket has gone out in campaign e-mails. And the Obama campaign has dubbed “America’s Comeback Team,” the self-named duo of Mitt Romney and Paul Ryan, the “Go Back Team.”...
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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.
