Happy Memorial Day.
Tomorrow President Obama celebrates Memorial Day. On Tuesday he meets with House Republicans, and on Wednesday he meets with House Democrats. On Friday, the President will tour a Chrysler factory in Toledo, Ohio.
There’s no legislative business in the Senate this week.
The House gavels in at noon on Tuesday and is expected to consider H.R. 1954, a bill to raise the debt ceiling. That measure is the “clean” debt limit bill, meaning that it does not include spending cuts or other reforms some members of Congress are seeking. The vote will likely be a symbolic one, intended to show that a debt limit increase won’t pass unless accompanied by spending reforms. See the Majority Leader’s floor agenda here.
House Hearings: TUESDAY—The Energy and Power Subcommittee holds a hearing on the Grid Reliability and Infrastructure Defense Act. A Judiciary subcommittee looks at rulemaking and jobs. WEDNESDAY—The Communications and Technology Subcommittee examines “Promoting Broadband, Jobs and Economic Growth Through Commercial Spectrum Auctions.” The Oversight and Government Reform Committee considers cybersecurity. The Natural Resources Committee holds a hearing on wind and solar energy. The Financial Services Committee is scheduled to hear testimony from Treasury Secretary Tim Geithner on the international financial system. The Elections Subcommittee holds a hearing on “Destructive Disclosure: Examining the Pay to Play Executive Order.” The Small Business Committee looks at small business’s access to credit. An Energy and Commerce subcommittee holds a hearing on civilian radioactive waste. Later in the day, the full Energy and Commerce Committee marks up two bills: the Transparency in Regulatory Analysis of Impacts on the Nation (TRAIN) Act (H.R. 1705) and the Jobs and Energy Permitting Act of 2011 (H.R. 2021). The markup continues the next day. THURSDAY—A Natural Resources subcommittee looks into Alaska’s oil and natural gas resources. The Ways and Means Committee holds a hearing on business tax reform. A Financial Services subcommittee considers the Securing American Jobs Through Exports Act of 2011. An Oversight and Government Reform looks at the FDA’s medical device approval process. An Energy and Commerce subcommittee considers the regulatory burden of the new health-care law. FRIDAY—An Energy and Commerce subcommittee holds another hearing on the “American Energy Initiative,” with a focus on the Roadmap for America’s Energy Future (H.R. 909). Another Energy and Commerce subcommittee holds a hearing on regulatory reform. A Natural Resources Subcommittee considers the National Strategic and Critical Minerals Policy Act (H.R. 2011) and the Resource Assessment of Rare Earths Act of 2011 (H.R. 1314).
Executive Branch: As noted above, Secretary Geithner will testify before the House Financial Services Committee on Wednesday. On Thursday, Ag Secretary Tom Vilsack will unveil the nation’s new food pyramid. The pyramid will be replaced by a dinner plate.
Economic Reports: From the New York Times: “Data will include the S.& P./Case-Shiller housing price index for March, the Chicago purchasing managers index for May and consumer confidence for May (Tuesday); the ADP employment report and the Institute for Supply Management manufacturing index for May, construction spending for April and North American auto sales for May (Wednesday); same-store sales for May, revised first-quarter productivity and factory orders for April (Thursday); and unemployment and the I.S.M. service index for May (Friday).” Neil Irwin’s Washington Post column here.
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