Former Massachusetts Governor Mitt Romney, 64, is making his second bid for president and began the race as the presumed front-runner.
Romney grew up in Michigan, where his father served as governor in the 1960s. A Mormon, Romney graduated from Brigham
Young University in Provo, Utah, and was a missionary in France from 1966 to 1968. He later earned degrees from Harvard Law School and Harvard Business School.
After Harvard, Romney stayed in the Boston area, where he was vice president of management consultant Bain & Co. and later founded private-equity firm Bain Capital LLC in 1984. While at Bain, Romney built a reputation for investing in companies such as Staples Inc., Domino’s Pizza Inc. and The Sports Authority. In 1990, he returned to Bain & Co. when it was on the verge of bankruptcy to oversee a restructuring that helped save the firm.
Romney was tapped in 1999 to head a struggling U.S. Olympic Committee in advance of the 2002 games. Romney helped the committee erase a $379 million deficit and the Salt Lake City,Utah, games were deemed a success.
Elected governor of Massachusetts in 2002, Romney served one term and didn’t seek a second. While in office, he enacted a health-care law in 2006 that requires individuals to purchase insurance coverage. The Obama administration maintains the Massachusetts law served as a framework for the health-care overhaul that Congress passed in 2010 and Republicans have vowed to repeal.
In 2007, Romney launched a presidential primary campaign. After failing to gain traction in early primary states, he withdrew and the Republican Party nomination went to Arizona Senator John McCain.
Romney met his wife, Ann, in elementary school when he was a Cub Scout. The Romneys have five sons and 16 grandchildren.
It was the most important money vote in the Illinois General Assembly in recent memory. The $160 billion bill would rescue the public-employee retirement system and help restore fiscal stability to the U.S. state with the lowest credit rating.
Despite a successful political career that includes six statewide election victories in Massachusetts, capturing the Democratic presidential nomination and coming within a hair of winning the White House, John Kerry often seems awkward, aloof, pompous and politically tone deaf.
The nation’s youth, a group that twice rallied behind President Barack Obama at the ballot box, is failing to support his signature domestic achievement and increasingly disillusioned with his presidency.
Neel Kashkari, the former Goldman Sachs Group Inc. executive chosen by ex-Treasury Secretary Henry Paulson to help rescue the U.S. banking system, is readying a challenge to California Governor Jerry Brown even as the world’s 10th-largest economy reaches its highest level in more than three decades.
Some conservative policy pundits are starting to imagine a detente over Obamacare, in which Republicans recognize the conservative nature of the law and support it in return for tweaks that advance their ideas. Liberals should be open to such a deal.