Dispatch from the Front: The Week of May 21

President Obama wraps up the NATO Summit in Chicago today. He then heads to Joplin, Mo., to deliver the commencement speech for Joplin High School. On Wednesday, he speaks at the Air Force Academy’s commencement ceremony before heading to California for fundraising events. On Thursday, the President will talk about the economy in Newton, Iowa.

The Senate convenes this afternoon to consider the Food and Drug Administration Safety and Innovation Act (S. 3187). The Senate has also set aside an hour to debate a judicial nomination.

The House is out this week.

Senate Hearings: TUESDAY—The Energy and Natural Resources Committee holds a hearing on “Catalyzing American Ingenuity: The Role of Government in Energy Innovation.” The Banking Committee considers derivatives reform. The Armed Services Committee begins a weeklong markup of the defense authorization bill. WEDNESDAY—The Banking Committee holds a hearing on “Reviewing the U.S.-China Strategic and Economic Dialogue.”

Executive Branch: Defense Secretary Leon Panetta and Secretary of State Hillary Clinton are in Chicago for the G-8 Summit. Homeland Security Secretary Janet Napolitano is traveling in Israel and Jordan. Commerce Secretary John Bryson is traveling in France and Germany this week.

Economic Reports: From The New York Times: “Data to be reported this week will include: Existing home sales for April (Tuesday); new home sales for April (Wednesday); durable goods orders for April and weekly unemployment claims (Thursday); and the Thomson Reuters/University of Michigan consumer sentiment index for May (Friday).”

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