Bloomberg Rolls Out D.C. Terminal

Government may never be the same. Bloomberg LP, which created the completely indispensible-to-traders Bloomberg Terminal, has announced plans to create a similar service for D.C. insiders called Bloomberg Government. Bloomberg Government will provide the “nuts-and-bolts of lawmaking and government regulation,” the type of information previously supplied at steep prices by publications such as Congressional Quarterly and National Journal. Given the recent interest in political reporting, Bloomberg LP is hoping government employees, lobbyists, and contractors will cough up $5,700 a year for their service. Mike Riley, Bloomberg Government’s managing editor, said he plans to hire 60 reporters and policy wonks by the end of the year. Riley has set the bar pretty high: He said the company’s aspiration is to be “the most influential news organization in the world.”