The financial rescue bill is now law, Congress has left town, and this week will be spent watching the Dow, LIBOR, and other emanations of the economy. The U.S. Supreme Court opens its fall 2008 term today. Senator John McCain debates Senator Barack Obama at Belmont University in Nashville on Tuesday.
NAM President John Engler speaks at the Chicago Council on Global Affairs this morning, addressing globalization, manufacturing and the Midwest.
A lame-duck congressional session is possible after the November 4th elections (the week of November 17?) but for now, the Senate continues in the biweekly pro forma sessions to prevent President Bush from making recess appointments. A few House committee hearings are on tab this week, as well:
- Committee on Education and Labor, October 7, hearing on the Impact of the Financial Crisis on Workers’ Retirement Security, 1 p.m., 2175 Rayburn. (Details.)
- Committee on Oversight and Government Reform, October 6, hearing on the Causes and Effects of the Lehman Brothers Bankruptcy, 10 a.m., 2154 Rayburn.
October 7, hearing on the Causes and Effects of the AIG Bailout, 10 a.m., 2154 Rayburn. (Committee schedule here.) The committee has three other hearings scheduled on the financial crisis this week; here are the details.
Judicial Branch: It’s the first Monday in October, which means the U.S. Supreme Court is back at work, formally, on the bench, in robes. The schedule of oral arguments for the October session is available here. The first case to be heard this morning is Altria Group Inc. v. Good, a case born out of a class-action suit in Maine, where smokers of light cigarettes claimed they could sue in state court for false advertising, which is to say the appeal raises questions of “federal preemption.” Lyle Denniston has written a preview of the case, and the NAM filed an amicus brief in support of Altria’s appeal.
Executive Branch: This afternoon President makes remarks on judicial accomplishments and philosophy in Cincinnati. He welcomes U.S. Olympians to the White House on Tuesday and on Wednesday meets with the President of Grenada. On Thursday, the President of Slovakia stops by.
The Chairman of the Council of Economic Advisors speaks Tuesday morning at the breakfast of the National Association for Business Economics ‘ 50th Annual Meeting. Federal Reserve Chairman Bernanke is the scheduled luncheon speaker. HUD Secretary Steve Preston opens the department’s two-day Summit on Housing in D.C. On Wednesday, Commerce Secretary Carlos Gutierrez and Energy Secretary Bodman speak at the jointly sponsored 2008 Nuclear Energy Summit. Secretary Gutierrez then heads south, speaking Thursday in Rio de Janeiro at the U.S.-Brazil Chamber of Commerce and participating in other business-related events.
And happy German-American Day! Viel Spass!
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