The Senate starts at 10 a.m., and will debate the nomination of Rep. Mel Watt (D-N.C.) to be the next director of the Federal Housing Finance Agency.

Republicans see Watt as someone who is likely to favor ongoing government intervention in the housing market. Groups like FreedomWorks and Heritage Action have called on senators to vote against Watt.

Democrats say Watt is well-suited to help with problems in the housing market given his experience on the House Financial Services Committee.

After debating Watt, at noon, the Senate will swear in Cory Booker to be a senator from New Jersey. Booker won a special election to replace Sen. Frank Lautenberg, who died in June.

Once Booker is sworn in, he will get to vote immediately on a motion to end debate on the Watt nomination.

If the Senate votes to end debate, it will hold up to eight hours of debate on Watt, but this will likely be reduced. If the Senate fails to advance Watt's nomination, it will proceed to the nomination of Patricia Millett to be a U.S. Circuit Judge for the District of Columbia.

The House is out for the rest of the week and out next week.