It will be a busy week on Capitol Hill. Congress must pass legislation to fund the government by the end of the week when the current continuing resolution expires. An end-of-the-year bill to extend expiring tax provisions is also a priority.
Senate Majority Leader Harry Reid (D-NV) laid out an aggressive agenda last Thursday, saying, “We have to do either a CR or an omnibus spending bill–or one of each, which is possible. We have the balanced budget amendments, the payroll tax, we have unemployment insurance, Medicare reimbursement, tax extenders, including the Medicare reimbursement, and, of course, what we are talking about there is the SGR or the doctor fix.”
The House convenes at noon today and will hold votes on a number of bills on the suspension calendar. In addition to a government funding bill and the tax extenders, the House may take up the defense authorization bill (H.R. 1540) and the military construction appropriations bill (H.R. 2055). See the Majority Leader’s schedule here.
More from The Hill here.
Senate Hearings: TUESDAY—The Agriculture Committee holds a hearing on the MF Global bankruptcy. WEDNESDAY—A Banking subcommittee holds a hearing on “Examining Investor Risks in Capital Raising.” A Finance subcommittee looks at alternative energy tax incentives. The Homeland Security and Governmental Affairs Committee marks up the congressional insider trading bill. The Commerce Committee marks up motor vehicle safety bills. THURSDAY—The Health, Education, Labor and Pensions Committee holds a hearing on “Prescription Drug Shortages: Examining a Public Health Concern and Potential Solutions.” The Environment and Public Works Committee examines nuclear reactor safety. The Special Committee on Aging holds a hearing on the Physician Payments Sunshine Act.
House Hearings: MONDAY—A Small Business subcommittee asks “Is Uncertainty Contributing to the Jobs Crisis”? WEDNESDAY—The Oversight and Government Reform Committee holds a hearing on “The Leadership of the Nuclear Regulatory Commission.” The Ways and Means Committee holds a hearing on the Trans-Pacific Partnership. THURSDAY—The Budget Committee marks up the Expedited Line-Item Veto and Rescissions Act. An Oversight and Government Reform subcommittee holds a two-day hearing on the European debt crisis. A Financial Services subcommittee holds a hearing on the MF Global bankruptcy.
Executive Branch: Secretary of State Hillary Clinton meets with her British counterpart, Foreign Minister William Hague, today. On Wednesday, she participates in a panel discussion on “Innovation and the Global Marketplace: A Discussion on American Innovation, Trade and the Next 10 Million Jobs.” Vice President Joe Biden meets with Cabinet officials about the Administration’s “Campaign to Cut Waste” on Tuesday. On Thursday, the Secretary of Commerce previews 2012 in a speech at the Chamber of Commerce.
Economic Reports: From the New York Times: “Data will include retail sales for November and business inventories for October (Tuesday); import prices for November (Wednesday); weekly jobless claims; the Producer Price Index for November; the third-quarter current account deficit; industrial production and capacity utilization for November; the Philadelphia Fed manufacturing index for December and weekly jobless claims (Thursday); and the Consumer Price Index for November (Friday).” More from the Washington Post.
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