Dispatch from the Front: The Week of June 29

By June 29, 2009Economy, General

Congress has exited Washington to celebrate U.S. independence back home, with the Senate to return on Monday, July 6, and the House on Tuesday, July 7. A few members sponsor committee field hearings in the meantime.

President Obama starts the week by meeting with a U.S. ally and supporter of democracy and free markets, Colombia President Uribe. (Colombia’s news release in Spanish.) He travels to Camp David for the Independence Day holiday and prepares for his trip to Russia, Italy and Ghana.

The National Association of Manufacturers will be closed Thursday (Canada Day, you know) and Friday. [Correction: Canada Day is Wednesday, July 1. And Boxing Day is December 26.]

The Supreme Court breaks for the summer issuing three opinions today on reverse employment discrimination, the free speech right to criticize politicians even during campaign, and regulatory supervision of bank practices.

Other major issues that will mark the history of mankind: U.S. troops complete withdrawal from Iraqi urban centers on Tuesday, Honduras in turmoil, and Michael Jackson will be buried.

House Hearings: On Thursday, Rep. Ron Klein (D-FL) and the oversight subcommittee of House Financial Services is in West Palm Beach, Florida, for a hearing on homeowners’ insurance.

Senate Hearings: Chairman Mary Landrieu (D-LA) convenes the Senate Small Business Committee in New Orleans Tuesday for a hearingon federal programs that promote small business exporting. Witnesses include U.S. Trade Representative Ron Kirk,  SBA Administrator Mills, and Export-Import Bank Chairman Fred Hochberg.

Executive Branch: Commerce Secretary Gary Locke also meets with President Uribe of Colombia, having canceled an earlier meeting in Providence, R.I., from fear of crossing a picket line. Education Secretary Arne Duncan returns to Chicago today for a speech to the Rainbow PUSH Coalition Convention. (Duncan’s weekly schedule.)

Economic Reports: From The Seattle Times:  On Wednesday, the U.S. unemployment rate for June is released. For April, it hit 9.4 percent…Also out Wednesday is the Institute of Supply Management’s monthly manufacturing index, plus vehicle sales. The latest report on factory orders is out Thursday.

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