Former President Bill Clinton and Microsoft’s Bill Gates discuss America’s future at the annual Peterson Foundation Fiscal Summit. They’ll be followed by speakers including Senate Budget Chairwoman Patty Murray, House Budget Chairman Paul Ryan and Assistant to the President for Economic Policy Gene Sperling.
U.S. regulators face renewed pressure from Congress to ease Dodd-Frank Act derivatives rules amid mounting criticism from Wall Street and overseas that they overreach, Bloomberg News reports. The House Financial Services Committee is scheduled to vote on nine measures that would allow more swaps to be traded in units of banks such as JPMorgan Chase & Co. and Citigroup Inc. that hold government-insured deposits.
President Barack Obama meets with South Korean President Park Geun-Hey at the White House today to discuss issues including security, one day after Park said her country would “make them pay” if North Korea were to mount a similar attack to the 2010 sinking of a warship, Bloomberg News reports. Meanwhile, the Dalai Lama gives a lecture on peace at the University of Maryland.
Also today, Deputy Defense Secretary Ashton Carter speaks at the National Press Club on the impact of budget uncertainty on the military. Pentagon contracts tumbled 52 percent in April from a month earlier as federal budget cuts took hold, Bloomberg News reported.
A special election being held today for the vacant House seat in South Carolina pits former Republican Gov. Mark Sanford against Democratic nominee Elizabeth Colbert Busch, sister of political satirist Stephen Colbert. Polls close at 7 p.m.
Grover Norquist, president of Americans for Tax Reform, appears on Bloomberg TV. Treasury Secretary Jack Lew discusses state of U.S. economy at City Club of Cleveland. A House Appropriations panel hears from Chairman Mary Jo White on the Securities and Exchange Commission’s proposed budget.
Sen. Mitch McConnell, Rep. Marsha Blackburn, former Sen. Jim DeMint and Forbes CEO Steve Forbes participate in a Heritage Foundation event to honor the late Margaret Thatcher. Later, Majority Leader Eric Cantor and other House Republicans hold a roundtable discussion with private sector employees and working parents followed by a media briefing.
The U.S. Court of Appeals for the D.C. Circuit hears arguments in Texas challenge over federal takeover of the state’s carbon-emission rules. A House Science, Space and Technology panel holds a hearing on Keystone pipeline. A House Energy and Commerce panel holds a hearing on prospects for exports of U.S. energy including liquefied natural gas.
Secretary of State John Kerry visits Moscow to meet with Foreign Minister Sergei Lavrov and other Russian officials. The Senate Foreign Relations Committee hears from Deborah Kay Jones, nominated to become ambassador to Libya, at her confirmation hearing. UN Undersecretary General for Humanitarian Affairs Valerie Amos participates in discussion of international response to Syria, hosted by Middle East Institute.
And tennis legend Chris Evert discusses her charity work at the National Press Club.