Political Capital

Posts tagged: spending

President Barack Obama walks with Governor Jerry Brown, left, and Joe and Maria Del Bosque, right of Empresas Del Bosque farm, on Feb. 14, 2014 in Los Banos, California.

Photograph by Wally Skalij- Pool/Getty Images

President Barack Obama walks with Governor Jerry Brown, left, and Joe and Maria Del Bosque, right of Empresas Del Bosque farm, on Feb. 14, 2014 in Los Banos, California.

Obama Finds Republican Critics Haven’t Softened on Stimulus

President Barack Obama marked the five-year anniversary of the roughly $800 billion stimulus as he wound down a three-day California golf weekend and rekindled a long-running debate. The administration released a report that says the American Recovery and Reinvestment Act Obama...

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Customers at a Uniqlo Co. store in New York City.

Photograph by Victor J. Blue/Bloomberg

Customers at a Uniqlo Co. store in New York City.

Bloomberg by the Numbers: 2.9

Consumer comfort has taken a hit lately — at all economic strata: – The Bloomberg Consumer Comfort Index for Americans earning at least $100,000 per year was 2.9 in the week ended Feb. 2, the lowest among that group since...

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An adult film actress in her apartment, which is frequently used as a filming location, in Los Angeles.

Photograph by Patrick T. Fallon/Bloomberg

An adult film actress in her apartment, which is frequently used as a filming location, in Los Angeles.

Horseburgers, Porn Riders and More in $1.1 Trillion Spending Bill

While there’s been a lot of coverage about the overall thrust of the $1.1 trillion “omnibus” spending bill that has cleared Congress, lawmakers in both parties expressed concern that there wasn’t enough time to read the whole thing. Taxpayers for...

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The A-3 tower was designed to test a GenCorp Inc. engine for a rocket program canceled in 2010.

Photograph by NASA via Bloomberg

The A-3 tower was designed to test a GenCorp Inc. engine for a rocket program canceled in 2010.

Congress Serving Pork — Not ‘Rocket Science’

When Congress agreed with President Barack Obama in 2010 and shut down the Constellation program to send astronauts to the moon and beyond, it did so with one condition: NASA finishes construction of a tower to test an engine for...

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A worker sands a piece of custom furniture at a manufacturing facility in South Elgin, Illinois.

Photograph by Tim Boyle/Bloomberg

A worker sands a piece of custom furniture at a manufacturing facility in South Elgin, Illinois.

Bloomberg by the Numbers: 21%

That’s how much the deficit fell last month compared with November 2012, according to the Treasury Department. Expressed in terms of dollar figures, the deficit fell to $135.2 billion last month from $172.1 billion a year earlier, or a decrease...

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A jogger runs past the Capitol building in Washington, D.C.

Photograph by Pete Marovich/Bloomberg

A jogger runs past the Capitol building in Washington, D.C.

Bloomberg by the Numbers: $17.1 Trillion

That’s the approximate current federal debt subject to limit. At the moment, there’s no statutory limit on new federal debt because a measure President Barack Obama signed into law Oct. 17 suspended the $16.7 trillion limit through Feb. 7. The...

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Douglas Elmendorf, director of the Congressional Budget Office, during a House Budget Committee hearing in 2012

Photograph by Andrew Harrer/Bloomberg

Douglas Elmendorf, director of the Congressional Budget Office, during a House Budget Committee hearing in 2012

103 Ways to Leave Your Deficit

For Paul Simon, it was “50 ways to leave your lover.” For Doug Elmendorf, it’s 103 ways to cut your budget. Which may be about equally difficult. The director of the Congressional Budget Office offered Congress today a long list...

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