OVERNIGHT MONEY: Roll out the red carpet
A slew of top Treasury officials and business executives is scheduled to be on hand, including Scott Case, the co-founder of the travel group Priceline and chief executive officer of the Startup America Partnership. The latter group is a presidentially sponsored program that aims to gather entrepreneurs and businesses together.
Gene Sperling, the president’s new director of the National Economic Council, is expected to close up shop on the event in the afternoon.
WHAT ELSE TO WATCH FOR:
Four events, two states, one district, one day: With most lawmakers away from the Washington area this week, Rep. Steny Hoyer (D-Md.), the House minority whip, will spend most of Tuesday hopping around the region to discuss job creation.
Hoyer will start his day in Washington at an annual legislative conference of boilermakers, shipbuilders and blacksmiths, where he will discuss Democrats’ “Made in America” agenda. The group of more than a dozen mostly small-bore bills, which Democrats say will help increase manufacturing in the U.S., is supported by organized labor.
But the proposals fall short of larger union goals, such as the now-dead card-check legislation labor pushed for in the last Congress.
Next on the Hoyer agenda for Tuesday: a trip to Virginia to discuss proposed cuts by Republicans to the federal budget and how those cuts may affect economic growth at the National Association of Development Organizations.
After that, the minority whip is set to zip back to his home state of Maryland, where he’ll discuss proposed Head Start cuts at a Fort Washington elementary school and then discuss the future of the Job Match program that pairs workers and employers.
Across the pond: Gary Gensler, the chairman of the Commodity Futures Trading Commission, is set to speak before the European Parliament in Brussels on Tuesday. (Gensler and his CFTC, as you may remember, were given the task of regulating the massive financial derivatives market in the Dodd-Frank financial reform law.)
Think tank roundup: The administration might offer insights into its approach to eliminating waste and duplication on Tuesday, with Jeffrey Zients and Shelley Metzenbaum, both of the Office of Management and Budget, scheduled to stop by a Brookings Institution forum.
Zients has been put in charge of a new initiative to reorganize trade-related agencies — something that could result in the creation of a new Department of Commerce and Trade that folds in workers spread throughout the government, most notably the Office of U.S. Trade Representative (USTR).
The event comes as congressional Democrats and Republicans find rare agreement over a recent Government Accountability Office report that detailed more than 30 areas of waste within the federal government.
And with the U.S. trade representative preparing to submit the Korea free trade agreement to Congress, officials are expected to push the pact as key to America’s national security, since it shores up an important strategic relationship. That argument can be expected to be on display when the official who led the detailed negotiations — Wendy Cutler of USTR — speaks at the Center for Strategic and International Studies.
And about those regulations … Meanwhile, President Obama’s pledge to scrutinize unnecessary regulations will itself come under scrutiny at the U.S. Chamber of Commerce on Tuesday.
The pro-business lobby is expected to highlight regulations it believes need to be changed to “restore balance” and help job growth. Chamber officials, academics and private-sector representatives are all scheduled to make appearances.
Economic indicators:
The Labor Department is set to release a February mass layoffs report.
And the American Petroleum Institute is scheduled to circulate its weekly figures on petroleum inventories.
BREAKING MONDAY:
Why not just knock? Ron Kirk, the U.S. trade representative, told Bloomberg that a new trade accord with Brasilia will “blow the doors open” on the Brazilian market for the United States. Kirk, who is with the president on his Latin American trip, said he will meet with Brazilian trade officials at least once a year as the Obama administration continues its push to double exports by 2015.
And, as Reuters reports, the president himself called on Monday for a “new era of partnership” between the U.S. and its Latin American neighbors.
What about me? With the price of oil still hovering around three figures a barrel, the Christian Science Monitor details eight ways that might affect the average American — including rising food costs and maybe even a new approach at the local car dealer.
WHAT YOU MIGHT HAVE MISSED:
On the Money’s Monday:
— The Supreme Court gives the Fed the OK to release information on bank loans provided during the 2008 financial crisis.
— Treasury is getting set to sell off its billions of dollars in mortgage-backed securities.
— Gallup: Economy remains Americans’ most pressing concern.
— Rasmussen: Almost one out of every three homeowners is underwater.
— The U.S. turns to higher earners for tax revenue at a higher rate than other industrialized countries.
— The Center for American Progress wants to put some tax breaks on the chopping block.
— The Dow stabilizes post-Japanese earthquake.
— And existing home sales take a tumble after three months of growth.
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