President Obama is expected to make several personnel announcements today, likely nominating former Sen. Chuck Hagel to serve as secretary of defense and Counterterrorism Adviser John Brennan to serve as CIA director.

After welcoming new members to the Capitol last week, the Senate and House are taking this week off. The House returns next week, and the Senate returns the week after.

Executive Branch: Secretary of State Hillary Clinton returns to work today, Vice President Biden is in the Virgin Islands until tomorrow, and Treasury Secretary Geithner meets with his Israeli counterpart, Finance Minister Yuval Steinitz.

Economic Reports: From The New York Times: “Data to be released this week include consumer credit for November (Tuesday); weekly jobless claims and wholesale trade inventories for November (Thursday); and the trade deficit for November and import prices for December (Friday).” The Washington Post has additional information here.

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