John Harwood is chief Washington correspondent for CNBC and a political writer for The New York Times. He writes the weekly column "Political Memo" for the paper.
Harwood was born in Louisville, Ky., and grew up in the Maryland suburbs outside of the nation's capital. He has been around journalism and politics all his life; his first trip on a presidential campaign press plane came when he was 11 years old and accompanied his father, then a political reporter for The Washington Post.
While still in high school, he began his journalism career as a copy boy at The Washington Star. He studied history and economics at Duke University and graduated magna cum laude in 1978. Harwood subsequently joined The St. Petersburg Times, reporting on police, investigative projects, local government and politics. Later he became state capital correspondent in Tallahassee, Washington correspondent and political editor. While covering national politics, he also traveled extensively to South Africa, where he covered deepening unrest against the apartheid regime.
In 1989, Harwood was named a Nieman Fellow at Harvard University, where he spent the 1989-90 academic year. In 1991, he joined The Wall Street Journal as White House correspondent, covering the administration of the George H. W. Bush. Later Harwood reported on Congress. In 1997, he became The Wall Street Journal's Political Editor and chief political correspondent.
While at The Wall Street Journal, Harwood wrote the newspaper's political column, "Washington Wire," and oversaw the Wall Street Journal/NBC News poll. In March 2006, he joined CNBC as chief Washington correspondent.
In addition to CNBC, Harwood offers political analysis on NBC's "Meet the Press" and PBS' "Washington Week in Review," among other television and radio programs. Harwood has covered each of the last five presidential elections.
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Curbing spending has become the new centerpiece of John McCain's 2008 presidential campaign--but not in the way the Arizona senator had hoped. Faced with lagging donations and down to just $2-million in cash, the one-time front-runner has laid off one third of his staff. That includes his top economics adviser, Douglas Holtz-Eakin. As former head of the Congressional Budget Office, Holtz-Eakin has underscored McCain's political appeal to economic conservatives; that he has the record and commitment to curb runaway federal spending.
Barack Obama's economics adviser Austan Goolsbee (see video link below), a professor at the University of Chicago, had another pursuit as an undergraduate at Yale. Goolsbee was part of an improv comedy group called Just Add Water. "We were actually pretty funny and even toured at Second City," Goolsbee says. As an economist, he dryly observes, he "wasn't necessarily the best guy in the group." But one of his colleagues made real headway in the business--and is now head writer on Jon Stewart's The Daily Show on Comedy Central. Lesson to Wall Street: be alert for hidden laugh lines in Obama economic speeches.
Barack Obama's record-shattering fund raising performance in the second quarter raises a legitimate question: is Hillary Clinton really the Democratic front-runner after all? Obama didn't just outraise Clinton in the months April through June. He blew past her vaunted political machine with 50% more primary cash--$31-million to $21-million. He has amassed an enormous list of more than 250,000 donors, to whom he can return again and again before the primary season is over.
This week's collapse of comprehensive immigration reform made all of Washington look inept. But here's a glance at the biggest losers: Arizona Sen. John McCain. Once the front-runner for the Republican presidential nomination, Mr. McCain has seen his poll numbers dwindle as conservative activists cried “amnesty” over the bipartisan legislation he co-sponsored. His campaign blames fallout over the issue for contributing to his lagging fund-raising. .
A Democratic presidential debate, before a predominantly African American audience at Howard University last night, took a small step toward smoking out the leading White House contenders on Wall Street's hottest political issue: raising taxes on private equity and hedge fund executives. Former Sen. John Edwards of North Carolina, who has ducked an issue that would hit his former colleagues at Fortress Investment Group, couldn't avoid showing his populist colors.
In recent years, Washington has been a war zone in more ways than one. Forget homeland security--the partisan crossfire on Capitol Hill has been withering. It has been especially fierce within the committee that’s more important to American business than any other: the tax-writing House Ways and Means Committee. In the last Congress, Republican Chairman Bill Thomas of California and ranking Democrat Charles Rangel of New York were barely on speaking terms.
In my earlier post, I talked about the taxation debate swirling around private equity and hedge fund managers. Well, one asset those hedge fund managers enjoy right now is the presidential fund-raising chase. As all the top candidates sprint toward the June 30 second-quarter fund-raising deadline, even left-leaning Democrats aren’t rushing to embrace the “carried interest” issue. Sen. Hillary Clinton hasn’t a position. Nor has the populist champion John Edwards--who also happens to be a former employees of Fortress Investment Group.
Welcome to Political Capital. If you’ve seen me on TV you know that my business is politics. And in one way or another, politics is everyone’s business. It sometimes looks like a game, but the outcome shapes the taxes you pay and the rules of the road for economic competition–-in the U.S., and around the world. Here at Political Capital, I’ll take you behind the headlines to offer my take on events and issues facing Congress, the White House, and the key places in the 2008 race for the presidency. From Washington or the campaign trail, I’ll explain what’s happening-–and why. Let’s get started.
Daymond John takes us behind the scenes at Magic, the largest global marketplace for men’s and women’s apparel.
From alligator heads to the "Rat Pack" experience, see what Daymond John of "Shark Tank" loves about the new SLS Las Vegas.
Arlene Battishill and Desiree Estrada appeared on "Shark Tank" with their innovative fashion line GoGo Gear. Where are they now?
Tim Love takes us behind the scenes at his latest restaurant venture in Fort Worth, Texas: the Woodshed.
Waylynn Lucas is pushing the boundaries of circular sweets with her bakery, Fonuts, which specializes in faux doughnuts.
Every family has its secrets and the margarita recipe at Joe T. Garcia's has been guarded for almost 80 years.
These designers hope to replace disposable plastic cups with their biodegradable, edible cup called Loliware.
Rather than peddling Takumi Taco on NYC's streets in a food truck, owners Debbie and Derek Kaye do it a different way.
In NYC, food trucks have been hot, but many owners say rules and regulations are eating up profits. Marcus Lemonis weighs in.
Meggan Bailey of CNBC's "The Car Chasers" says bad paperwork is one of many mistakes people can make after buying a car.
Meggan Bailey, star of CNBC Prime's "The Car Chasers," tells you how to properly market your car so it's sure to sell.
Used largely by farmers and businesses at the turn of the century, trucks are now tops.
Money laundering can be described as "moving money to disguise what it is" and there are steps to sniff out these funds.
Safeguarding your identity is a moving target. What to do if you think you're a victim of identity theft.
Blame the Internet. The Web has made it easy for 21st century predators to access you, your data and your bank account.