Washington Daybook: New Beginnings

Photograph by Andrew Harrer/Bloomberg

The Supreme Court building in Washington.

Fall, not Spring, is the season of new beginnings in Washington, with today’s start of the government’s fiscal year and a new term of the Supreme Court.

For the 15th consecutive time, the federal fiscal year starts without Congress having finished its work on the budget. Funding from a continuing resolution keeps the government running until March 27.

Justices take the bench for the first time since upholding President Barack Obama’s health-care law in June for a session that may produce rulings on gay marriage and protections for racial minorities.

Also starting today, swaps dealers will get two minutes to accept or reject cleared trades under new Commodity Futures Trading Commission rules. Banks such as JPMorgan Chase & Co. and Goldman Sachs Group Inc. had sought a delay, saying technology doesn’t exist to instantly verify customer credit or risk allowances.

The International Emissions Trading Association and the Center for Climate and Energy Solutions hold their Carbon Forum North America conference. The National Association of Manufacturers, the Nuclear Energy Institute and Exelon Corp. release a report on nuclear export controls, with Bradley Fewell, deputy general counsel at Exelon Generation. And Agriculture Secretary Tom Vilsack announces investments for specialty crops producers.

With five weeks to go before election day, Mitt Romney, who a top aide predicted months ago would get an “Etch-A-Sketch” clean slate reboot for the general election, is broadening his message and moderating his tone to reach out to swing voters in the run-up to the first presidential debates on Oct. 3, Bloomberg News reports today.

He’ll hold a campaign event tonight in Denver, the site of the debate, while running mate Paul Ryan attends a rally in Iowa.

Jim O’Connell assisted on this report.

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