Look for the Senate to toil late into the evening and possibly into the early morning hours to finish work on its fiscal 2014 budget blueprint. When back-to-back roll calls on amendments end, the chamber will finally be ready for recess, joining the House, which has already begun its two-week Passover/Easter break.
President Barack Obama meets with King Abdullah II of Jordan today as he continues his visit to the Middle East.
Obama nominated Allison Macfarlane to a new term as Nuclear Regulatory Commission chairman. Meanwhile, FCC Chairman Julius Genachowski is leaving his post, according to two people familiar with the matter, setting up a second vacancy on the five-member agency that regulates telephone, cable and broadcast companies, Bloomberg News reports.
Strong economic data on jobs, housing and investment don’t support claims by House Budget Committee Chairman Paul Ryan, a Wisconsin Republican, that debt “is hurting our economy today,” Bloomberg News reports. Sen. John McCain, an Arizona Republican, said Republicans should compromise and increase tax revenues as part of “long-term grand bargain” on budget.
Federal Reserve Governor Sarah Bloom Raskin, CFPB Director Richard Cordray and FDIC Chairman Martin Gruenberg speak at a National Community Reinvestment Coalition conference today. The CFTC holds a closed meeting on enforcement.
In legal affairs, Oxfam America holds a briefing after lawyers for the SEC and the American Petroleum Institute give oral arguments at an appeals court in a case involving the Cardin-Lugar provision of the Dodd-Frank Act, which requires oil, gas and mining companies to disclose payments made to governments where they do business. An ITC judge releases findings in a patent-infringement case that Google’s Motorola Mobility unit brought against Microsoft over a away the Xbox video-gaming system communicates with accessories.
And Tim Geithner, who finished his term as Treasury secretary in January, has found a buyer for his house in Bethesda, Md., one week after listing it for $995,000, Bloomberg News reports.
Bennett Roth and Katherine Rizzo contributed to this report.