OVERNIGHT MONEY: Smooth sailing for the CR

WHAT ELSE TO WATCH FOR

Biden watch: Vice President Biden will visit the Alexandria Police Department in Virginia to sell a portion of the $447 billion jobs bill that the Obama administration argues will keep first-responders on the job. The jobs proposal would provide $5 billion to support the hiring and retention of public-safety personnel.

Gross domestic pain: The government will take its third crack at figuring out how much the economy grew during the April-June quarter with the release of its final gross domestic product estimate Thursday morning.

The first two estimates have not painted a rosy picture. The first one, released in July, pegged economic growth at 1.3 percent; that was trimmed to 1.0 percent in August when more complete data came in. Both of those estimates have come in well below the 3 percent economists say is needed to cut into the nation’s unemployment rate. Thursday’s third estimate might show a slight uptick, but should still come in well below that key level.

Business crystal ball: The nation’s top executives will also get in on the economic prognostication game tomorrow, as the Business Roundtable rolls out its expectations for the third quarter of the year. The group of CEOs released a survey in June that found the vast majority of those polled expected business to pick up in the second half of the year. Given all that has happened since then — financial market turmoil, debt limit government shutdown theatrics and continued financial struggles in Europe — it will be interesting to see how that confidence has weathered the storm.

Talking taxes! The Mercatus Center, which leans libertarian, is hosting a Thursday discussion on how tax reform can spark economic growth, a topic that was brought up more than a few times during a supercommittee hearing last week. Donald Marron of the Urban-Brookings Tax Policy Center is among the scheduled participants.

With Republicans signaling they want fresh revenues to be spurred by economic growth, GOP supercommittee members have indicated that they would like Congress to consider officially using so-called dynamic budget scoring, which would basically try to count growth-fueled revenues. Democrats, generally speaking, are more skeptical of the idea. 

Economic indicators:

— Initial Claims: The Department of Labor releases its weekly filings for jobless benefits. Claims have been trending up recently as the economy struggles to add jobs and bring down the unemployment rate. 

— Corporate profits: The Commerce Department releases second-quarter data. 

— Mortgage rates: The Federal Home Loan Mortgage Corp. releases its weekly figures. 

— Pending home sales: The National Association of Realtors releases its data for July. 

BREAKING WEDNESDAY

Dream job: The Census Bureau is apparently asking its employees to do their best to stay awake. The Washington Post reports that the bureau is trying to nip napping in the bud after it received reports that a handful of staffers were catching a little shuteye in public at the agency’s Maryland home base. 

In a memo sent to staff, the bureau said that the naps were “manifestly unprofessional and creates an impression of carelessness, which unfairly impugns the hard work of the entire Census community.”

Super cuts: Sens. Joe Lieberman (I-Conn.) and Tom Coburn (R-Okla.) are pressing the deficit-reduction supercommittee to consider their proposal to cut more than $500 billion in Medicare spending over 10 years, The Hill’s Alexander Bolton reports. 

Lieberman’s support for Medicare reform is significant because he caucuses with Democrats and holds sway with centrist senators such as Susan Collins (R-Maine) and Ben Nelson (D-Neb.).

We don’t need no regulations: Rep. Don Young (R-Alaska) said he will propose legislation to repeal every single federal regulation put in place since 1991, The Hill’s Josiah Ryan reports. 

“My bill is very simple, I just null and void any regulations passed in the last 20 years,” Young told the Anchorage Downtown Rotary Club, according to The Anchorage Daily News. “I picked 20 years ago because it crossed party lines and also we were prosperous at that time. And no new regulations until they can justify them.”

WHAT YOU MIGHT HAVE MISSED:

— Dems warn agencies to ignore draft GOP spending reports

— Unemployment rates fell in a majority of cities in August

— Treasury’s small-business lending fund comes to understated close

— Chamber works to curtail proposed IRS rule

— Bloomberg calls for four-part immigration reform

— Anti-tax advocate tells Buffett to put his money where his mouth is

— Club for Growth comes out against China currency bill

— Big-ticket orders flat, but businesses plan investments

— Hatch looks to draw White House out on China currency legislation

— Mortgage applications up as refinancing volume increases

For tips and feedback email vneedham@digital-staging.thehill.com.