The First Draft: chilly winds and hot air
There’s a cold wind blowing in Washington on Tuesday morning, one day after a late-winter storm dumped up to a foot of snow on the region. DC residents anticipate a thaw when our national leaders provide their daily dose of hot air.
President Obama meets U.K. Prime Minister Gordon Brown at the White House at 11:30. They are expected to discuss their efforts to revive the global economy.
After that, Obama meets with Boy Scouts at 3 p.m.
Federal Reserve Chairman Ben Bernanke testifies to Congress about the economy starting at 10:00, and Treasury Secretary Timothy Geithner testifies about Obama’s budget proposal at 12:30. Markets are continuing to swoon after yesterday’s plunge; will their testimony spark a rally?
At the Pentagon, Defense Secretary Robert Gates will meet his French counterpart, Herve Morin.
Secretary of State Hillary Clinton, in Jerusalem, pledged to push hard for Palestinian statehood and said the United States might seek to improve relations with Syria.
The Senate begins debate on a $410 billion spending bill that would cover government operations through October. Obama’s former rival, Republican Senator John McCain, is upset about the earmarks contained in the bill.
The House may vote on a housing bill that would let bankruptcy judges reduce mortgage debt.
Photo credit: REUTERS/Kevin Lamarque (A worker clears snow from the steps of the Lincoln Memorial in Washington on March 2)
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