Dispatch from the Front: The Week of July 5

Today is a federal holiday. Members of Congress are on recess this week, back home stimulating local economies.  The Senate reconvenes Monday, July 12, at 2 p.m. The House’s next floor session is at 2 p.m. Tuesday, July 13.

President Obama welcomes Prime Minister Netanyahu of Israel to the White House on Tuesday. On Thursday and Friday, the President will travel to Kansas City, Mo., and Las Vegas, N.V., where he will hold events on the economy along with separate fundraisers for U.S. Senate candidates. The economic message in Kansas City may be overshadowed by the story of the President not attending the NAACP convention in K.C. the following week.

Senate Hearings: Senate Budget Committee Chairman Kent Conrad keeps busy Thursday and Friday in North Dakota, holding four hearings on infrastructure, economic development and Devils Lake flooding.

House Hearings: The House Energy and Commerce Committee,  Subcommittee on Communications, Technology, and the Internet holds a field hearing Thursday in Chicago entitled “Comcast and NBC Universal:  Who Benefits?

Economic Reports: Thin week, report-wise: ISM releases non-manufacturing activity Tuesday, and on Thursday the weekly jobless report will get more attention than usual. For more, see Neil Irwin’s column.

The National Governors Association’s summer meeting starts Friday in Boston, with health care and state deficits major topics.  West Virginia Gov. Joe Manchin, a Democrat, is scheduled to begin his one-year term as chairman.

Queen Elizabeth, having just concluded a nine-day tour of Canada, visits New York City on Tuesday to honor those murdered in the terrorist attacks of September 11, 2001, including 67 British nationals. She then addresses the United Nations for the first time since 1957.

The World Cup soccer competition culminates Sunday in South Africa, in which, we predict,  Germany defeats the Netherlands, 2-1. Another victory for an austerity and export-oriented economy.

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