President Obama is on the road this week, with a full schedule of campaign events in western states. He will also be delivering remarks on his jobs plan throughout his trip.
Today the President will be in Los Angeles (for a star-studded fundraiser at the home of Melanie Griffith and Antonio Banderas) and Las Vegas. Before leaving L.A. on Tuesday, he sits down with Jay Leno to tape a segment for the Tonight Show. He then heads to San Francisco and Denver.
He will remain in Denver overnight and promote his jobs plan before returning to Washington. On Thursday, he will meet with the Prime Minister of the Czech Republic.
The Senate is in recess this week.
The House gavels in this afternoon. A highlight for the week is a vote on legislation to repeal the 3 percent withholding rule. The rule, which is set to take effect next year, requires the government to withhold 3 percent of payments to government contractors and others.
See Majority Leader Eric Cantor’s (R-VA) schedule here.
The Super Committee meets Wednesday for a hearing on discretionary spending. Congressional Budget Office Director Douglas Elmendorf will testify.
House Hearings: MONDAY—An Armed Services subcommittee holds a hearing on “The Defense Industrial Base: A National Security Imperative.” TUESDAY—An Energy and Commerce subcommittee holds a hearing on the Farm Dust Regulation Prevention Act of 2011 (H.R. 1633). A Financial Services subcommittee looks at the implications of Europe’s debt crisis on the U.S. The Ways and Means Committee looks at the U.S.-China economic relationship. The House Judiciary Committee holds a hearing on the Regulatory Accountability Act of 2011 (H.R. 3010). WEDNESDAY—An Energy and Commerce subcommittee looks at the cancellation of the CLASS Act. A Transportation and Infrastructure subcommittee holds a hearing on “The Economic Importance of Seaports: Is the United States Prepared for 21st Century Trade Realities?” The Natural Resources Committee looks at the President’s national ocean policy. The Armed Services Committee holds a hearing on the “Economic Consequences of Defense Sequestration.” The Small Business Committee conducts oversight of the Small Business Administration’s financing programs. THURSDAY—The Natural Resources Committee reviews the Gulf oil spill compensation fund and asks “How Is It Working?” Two Science, Space and Technology subcommittees hold a hearing on nuclear development. A Foreign Affairs subcommittee holds a hearing on “The Eurozone Crisis: Destabilizing the Global Economy.”
Executive Branch: Today, Vice President Joe Biden and Secretary Hillary Clinton participate in the Global Hunger Conference. Agriculture Secretary Tom Vilsack talks about the 2012 farm bill at John Deere Des Moines works. Secretary of Defense Leon Panetta is traveling in Asia this week.
Economic Reports: From the New York Times: “Data will include S.& P./Case-Shiller Home Price Index and consumer confidence (Tuesday); durable goods orders and sales of new homes (Wednesday); third-quarter gross domestic product and weekly jobless claims (Thursday); and personal income, personal spending, the Thomson Reuters/University of Michigan consumer sentiment survey and pending home sales (Friday).”
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