The President continues his vacation in Hawaii, and a new Congress revs its engines at the starting line. It’s the quietest news week of the year, traditionally seen by White Houses as an opportune time to take some sort of controversial action. Will the EPA find yet another way to circumvent Congress and tighten its regulatory noose on the economy?
The 112th Congress convenes at noon, Jan. 5, 2010, demonstrating an early allegiance to the U.S. Constitution.
Friday is New Year’s Eve, a federal holiday, and the National Association of Manufacturers will be closed.
Across the states, new laws go into effect on Saturday, Jan. 1, 2011. This is also the last week to use flex-spending or HSA dollars to purchase over-the-counter medicines, as more provisions of the federal health care law go into effect on Jan. 1. Also, under a new Medicare regulation, “government will pay doctors who advise patients on options for end-of-life care.”
Economic Reports: On Tuesday the Conference Board will release its consumer-confidence survey for December. Also on the schedule Tuesday is the Case-Shiller report on home prices in October. For more, see this MarketWatch report.
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