The House and Senate are not in session today. With time running short before automatic tax increases, program cuts take effect in January, negotiations on avoiding fiscal cliff will dominate next week. Look for a conference committee to hammer out the final fiscal 2013 defense authorization. The Senate may also take up a bill next week that would extend Federal Deposit Insurance Corp. guarantee program to help community banks retain deposits.
Bloomberg Government hosts a cyber-security breakfast this morning with Rep. Dan Lungren, a California Republican. The Army Corps of Engineers may recommend releasing more water from the Missouri River to raise Mississippi levels and ease barge traffic. The Supreme Court may announce it will take up gay-marriage case.
And Singer/Songwriter James Taylor will deliver a National Press Club Newsmaker Luncheon address on election reform, starting at 1 p.m.
With assistance from Chelsea Mes in London and John Hughes and Juliann Francis in Washington.