This week: Fresh jobs report updates economic picture

Obama tapped the former Ohio attorney general instead of CFPB architect Elizabeth WarrenElizabeth Ann WarrenTrump's SEC may negate investors' ability to fight securities fraud Schatz's ignorance of our Anglo-American legal heritage illustrates problem with government Dems ponder gender politics of 2020 nominee MORE because he determined that she would face too difficult a confirmation battle. But Cordray’s path to the post is not clear by any means. Nearly every Senate Republican has vowed to block his or any other CFPB nominee unless several changes are made to the bureau’s structure.

Also on Thursday, the House Financial Services Committee will bring in Securities and Exchange Commission Chairwoman Mary Schapiro to discuss legislative ways to overhaul her agency. The SEC came under fire after the financial crisis, as it failed to sniff out problems before disaster struck.

House appropriators will mark up a spending package that would distribute dollars for the State Department and Foreign Operations on Wednesday.

The Senate Banking Committee will debate widespread problems in mortgage servicing on Tuesday, then follow that up with a Wednesday subcommittee hearing on housing finance. The House Financial Services Committee will also jump into the housing debate Wednesday with its own subcommittee hearing, this one examining government support for multifamily housing.

On Wednesday, a pair of Ways and Means subcommittees will join forces to discuss how energy policy and tax policy intersect, or whether they should. Then on Thursday, another subcommittee will discuss welfare programs under the Temporary Assistance for Needy Families (TANF) program.