President Barack Obama speaks to the National Governors Association. Time TBA.
7 p.m.: Atlanta Federal Reserve President Dennis Lockhart, who is not a voting member of the Fed’s Open Market Committee, speaks at the University of Tennessee in Knoxville, Tenn., about the economic outlook.
Tuesday, Feb. 26
Reuters Enlarge Image
President Barack Obama.
President Barack Obama speaks at Newport News Shipbuilding in Newport News, Va., about the automatic budget cuts known as sequestration. Time TBA.
9 a.m.: Case-Shiller home price index for December.
9 a.m.: Federal Housing Finance Agency home price index for December.
10 a.m.: Federal Reserve Chairman Ben Bernanke gives semiannual monetary policy report to Congress, before the Senate Banking Committee.
10 a.m.: Consumer confidence index for February, released by the Conference Board.
10 a.m.: New home sales for January, released by the Commerce Department.
10 a.m.: House Oversight and Government Reform subcommittee holds hearing titled “Bailout rewards: the Treasury Department’s continued approval of excessive pay for executives at taxpayer-funded companies.” Christy Romero, special inspector general for the Troubled Asset Relief Program at the U.S. Department of the Treasury, testifies.
10 a.m.: The Federal Deposit Insurance Corp. releases its quarterly profile of bank and thrift earnings for the final quarter of 2012. FDIC Chairman Martin Gruenberg holds a press conference.
Wednesday, Feb. 27
8:30 a.m.: Durable-goods orders for January, released by the Commerce Department.
10 a.m.: Federal Reserve Chairman Ben Bernanke gives semiannual monetary policy report to Congress, before the House Financial Services Committee.
4:30 p.m.: Dallas Federal Reserve President Richard Fisher, who is not a voting member of the Fed’s Open Market Committee, speaks at Columbia University in New York City about the economic and monetary policy outlook
Thursday, Feb. 28
ECONOMY AND POLITICS | @MKTWEconomics
Euro zone shrinks while U.S. housing grows
Data released this week show the continued trouble in Europe and the generally positive signs coming out of U.S. housing. See the charts.
• Washington events for Feb. 25 - March 1
• Bernanke may push back against hawkish talk
• Sequester will delay flights, LaHood warns
• SEC touts first post-crisis issuance rise
• Bubble, loss concerns played down by Fed
8:15 a.m.: Atlanta Federal Reserve President Dennis Lockhart, who is not a voting member of the Fed’s Open Market Committee, delivers opening remarks at the Atlanta Fed 2013 Banking Outlook Conference.
8:30 a.m.: Weekly jobless claims, released by the Labor Department.
8:30 a.m.: Revision of gross domestic product for the fourth quarter of 2012, released by the Commerce Department.
10 a.m.: Senate Banking Committee holds hearing about the Federal Housing Administration’s financial condition and program challenges. Witnesses include Gary Thomas, president of the National Association of Realtors, and David Stevens, president of the Mortgage Bankers Association.
10:30 a.m.: Senate Finance Committee holds hearing about reforms to Medicare and Medicaid under the Affordable Care Act. Jonathan Blum, acting principal deputy administrator of director of the Center for Medicare, a division of the Centers for Medicare and Medicaid Services, testifies.
12:30 p.m.: Federal Reserve Governor Sarah Bloom Raskin speaks about financial institutions and reputational risk at the 2013 Banking Outlook Conference at the Atlanta Federal Reserve.
8 p.m.: Chicago Federal Reserve President Charles Evans, who is a voting member of the Fed’s Open Market Committee, speaks at the CFA Society of Iowa’s annual investment strategy dinner in Des Moines, Iowa.
Friday, March 1
$85 billion in automatic budget cuts for fiscal 2013 begin absent congressional action.
8:30 a.m.: Personal income for January, released by the Commerce Department.
8:30 a.m.: Consumer spending for January, released by the Commerce Department.
9:55 a.m.: Consumer sentiment for February, released by the University of Michigan/Thomson Reuters.
10 a.m.: Manufacturing index for February, released by the Institute for Supply Management.
10 a.m.: Construction spending for January, released by the Commerce Department.
10 p.m.: Federal Reserve Chairman Ben Bernanke speaks about “low long-term interest rates” at a San Francisco Federal Reserve research conference.
hey dan, good post, as far as next week, i'm watching NPR,CH. 13,NYC tri state area, started the show off talking about sequester if not solved! I'm wondering if they pull the same #$%$ they did new years eve? they come in a midnight and sign a agreement! any way, have a great day!jmo