Dispatch from the Front: The Week of October 20

By October 20, 2008General

Another week of economic and financial helter-skelter sure to dominate the news, with campaign coverage also climbing.  (On Tuesday, we’ll be a fortnight away from Election Day.) The Conference Board releases the leading economic indicators this morning, and the workweek ends when OPEC meets in Vienna on Friday to discuss curbing oil production. When we get to the bottom we go back to the top of the slide…

NAM President John Engler is in Belgium Tuesday, the keynote speaker at the Flanders Chamber of Commerce and Industry’s (VoKa) annual conference.

Senate Hearings: The Banking Committee holds a full committee hearing Thursday on the recent turmoil in the U.S. credit market. On Friday, Judiciary holds a field hearing in Philadelphia, “Keeping Families In Their Homes: How to Prevent Foreclosure.”

House Hearings: On Tuesday, the House Budget Committee holds a hearing, “Economic Recovery: Options and Challenges”; Fed Chairman Bernanke to testify. On Tuesday, the Financial Services Committee holds a hearing, “The Future of Financial Services Regulation.” House Education and Labor conducts a field hearing Wednesday in San Francisco, “The Impact of the Financial Crisis on Workers’ Retirement Security.” House Oversight on Wednesday, “The Breakdown of Credit Rating Agencies.” On Thursday, Oversight trudges on with “The Role of Federal Regulators,” with Alan Greenspan testifying. On Friday, House Education and Labor holds a hearing, Building an Economic Recovery Package: Creating and Preserving Jobs in America.

Executive Branch: President Bush is in Alexander, La., today, participating in an economic roundtable at the Central Louisiana Chamber of Commerce. On Tuesday, he makes remarks at the White House Conference on New Era in Development, a conference on international aid. On Thursday, he meets with the President of Liberia.

HUD Secretary Preston speaks to the Seattle City Club today and participates in a discussion of the housing market. On Tuesday, Preston speaks at a mortgage bankers breakfast in San Francisco and later to the Stanford Graduate School of Business.  Also Tuesday, Treasury Secretary Paulson is in New York City to address the National Committee on U.S.-China Relations Annual Gala. (Treasury’s weekly public schedule.) On Thursday, Deputy U.S. Trade Representative John Veroneau speaks at a Council of the Americas program “Energizing a Renewed TransPacific Partnership.”

Economic Reports:  Conference Board leading economic indicators today, and on Friday, the Realtors’ existing home sales for September.

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