The House returns to vote on spending federal dollars on local public employee salaries, yet another multibillion-dollar framing of 2010 campaign issues. The Senate is gone until after Labor Day, and President Obama’s public schedule is light.
The House convenes at 7 p.m. tonight for a pro forma session and then meets at 10 a.m. Tuesday to consider H.R. 1586, the Education Jobs and Medicaid Assistance Act, a $26 billion federal spending plan to support teacher salaries and state Medicaid budgets. The bill includes $9.6 billion in international tax increases, opposed in a letter to the Senate last week by the PACE Coalition of major business trade associations.
The Senate is in recess, returning Sept. 13. Keeping with the chamber’s rules, the Senate last week returned presidential nominations to the White House, and the Senate’s month-long absence invites speculation about President Obama making recess appointments.
President Obama’s public schedule so far lists a White House welcome to the New Orleans Saints today, followed by trips to Texas for political fundraisers. The White House has started posting the President’s daily schedules online, but with no advance listings for the week.
Economic Reports: The Federal Reserve issues a policy statement Tuesday afternoon. On Wednesday, the government reports on the U.S. trade deficit. On Friday, Commerce releases the Consumer Price Index for July, and we get retail sales, as well. For more detail, go to this Marketwatch summary.
Executive Branch: Interior Department attorneys are in U.S. District Court in New Orleans Wednesday to defend the Administration’s moratorium on deep-sea drilling. U.S. Trade Representative Ron Kirks travels to Norfolk, Va., on Friday. (USTR media schedule.)
It’s primary election day Tuesday in Connecticut, Colorado and Minnesota.
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