Congress is back from its Memorial Day recess, with the Senate setting its cap for cap-and-trade anti-global warming legislation. You know, there’s an old German saying: Lieber man wärmer als Lieberman-Warner.*
The Senate convenes at 2 p.m. and is scheduled to vote at 5:30 p.m. on cloture on a motion to proceed to S. 3036, the Climate Security Bill. The House convenes Tuesday at 2 p.m. The week’s floor schedule includes“> H.R. 3021, the 21st Century Green High-Performing Public School Facilities Act; the conference report on S.Con.Res. 70, the budget resolution; and perhaps H.R. 2642, the war supplemental. The House floor schedule for the week is here.
House hearings: A House Energy and Commerce subcommittee on Wednesday considers Health IT and privacy. On Thursday, a Judiciary subcommittee holds a hearing on H.R. 3652, the Protecting Employees and Retirees in Business Bankruptcies Act. (Details.) Thursday it’s a House Science subcommittee hearing on H.R. 4174, the Federal Ocean Acidification Research and Monitoring Act. A House Transportation and Infrastructure Subcommittee on Thursday considers “Maintaining our Nation’s Highway and Transit Infrastructure.”
Senate hearings: Senate Commerce holds a hearing Tuesday on energy market manipulation. George Soros will testify, aptly enough given his historical skill at manipulating markets. Also Tuesday, Senate Finance holds a hearing on health-care costs. (Details.) On Thursday, the Banking Committee examines the state of the banking industry. Also Thursday, Finance holds a hearing, “C, K, or S: Exploring the Alphabet Soup of Small Business Choices in Advance of Tax Reform.” ZZZZZ
Executive Branch: President Bush has a meeting scheduled this morning on the economy and tax cuts (10:50 a.m., EEOB). The White House congressional picnic is Wednesday afternoon; on Thursday the president makes remarks at the ceremonial groundbreaking for the U.S. Institute of Peace, yet another building on the Mall. (With a webcam, too.) He then meets with the Prime Minister of the Netherlands, Jan Peter Balkenende. Israeli Prime Minister Ehud Olmert is also in town, meeting with POTUS on Wednesday. Secretary Paulson gives remarks in Dubai today on investment. Commerce Secretary Gutierrez is in Kiev, Ukraine, midweek; on Saturday, he’s in St. Petersburg, Russia. USTR Ambassador Schwab is at the OECD Ministerial in Paris June 3-4.
Economic reports: Today is the release of the ISM report for May. Friday the Bureau of Labor Statistics releases the May jobs figures. More.
* “Better warmer than Lieberman-Warner.” Roughly. Very roughly. And it’s a joke, anyway.
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