The slowest week of the year for Washington, D.C., political and government activities. Congress is out, President Obama is in Hawaii, and somewhere, sometime flights will be disrupted, somehow.
Friday is the New Year’s holiday, and the NAM closes at noon Thursday.
The Senate returns at noon Tuesday, Jan. 5, for a pro forma session to start the second session of the 111th Congress, and then reconvenes Jan. 19. The House convenes Jan. 12. In the meantime, look for positioning on the competing versions of legislation to expand the federal government control’s of health care.
Senate Hearings: There is one. Sen. Arlen Specter (D-PA) fills a news hole by convening a field hearing today in Philadelphia of the Judiciary Committee Subcommittee on Crime and Drugs, “Federal Efforts to Address Witness Intimidation at the State and Local Level.”
Economic Reports: The Conference Board’s issues its index of December consumer confidence on Tuesday. Also Tuesday we’ll see the October S&P/Case-Shiller home price index. On Wednesday, the Institute for Supply Management-Chicago’s December index of business activity in the U.S. Midwest region is set for release. For more, see this Reuters’ report, and Washington Post’s This Week report.
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