This week: Obama budget to dominate action on Congress’s return

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Sylvia Burwell, the woman nominated by Obama to succeed Zeints as budget director, will get her confirmation hearing on Tuesday.

Burwell most recently headed the Wal-Mart Foundation, the philanthropic arm of the retail giant. She’ll testify before the Senate Homeland Security and Governmental Affairs Committee on Tuesday, and before the Senate Budget Committee on Wednesday.

Questioning could be tough, especially considering GOP frustration with the tardy White House budget, which would generally be delivered in early February.

Still, Burwell’s nomination to this point appears to be on track.

On Wednesday, a House Ways and Means subcommittee will begin digging into the debt limit debate, as the panel explores whether the government has the power to prioritize key payments should the Treasury reach its borrowing cap. Republicans believe it’s possible, the Treasury insists it’s not.

Meanwhile, Ways and Means Chairman Dave Camp (R-Mich.) will appear before the House Small Business Committee to discuss ways to support small businesses via tax reform.

That same day, the U.S. Chamber of Commerce will invite top lawmakers and regulators to its annual Capital Markets Summit. House Financial Services Committee Chairman Jeb Hensarling (R-Texas) and Rep. Maxine Waters (Calif.), the panel’s ranking Democrat, will speak separately, as will Commodity Futures Trading Commission Chairman Gary Gensler.

The American Bankers Association will hear from Hensarling and other policymakers the following week as they host their own summit. Senate Minority Leader Mitch McConnell (R-Ky.) and Sen. Jon Tester (D-Mont.) will also speak, as will Federal Deposit Insurance Commission Chairman Martin Gruenberg and Alan Krueger, head of the White House’s Council of Economic Advisors.

On Tuesday, House Minority Whip Steny Hoyer (D-Md.) will continue his push for U.S. manufacturing, speaking before the Center for American Progress Action Fund on his “Make It In America” agenda.

The House Financial Services Committee has a pair of subcommittee hearings lined up for Wednesday. Its housing panel will explore ways to reform the Federal Housing Administration in the morning, followed by another panel discussing the regulatory challenges facing credit unions.

That same day, the Federal Reserve will release the minutes from its latest March meeting.

On Thursday, the Senate Banking Committee will chat with government regulators about when it is appropriate to hire independent consultants and how they can best ensure proper oversight. 

And House appropriators have a full lineup of hearings scheduled this week. Lawmakers will hear from the heads of the Internal Revenue Service, as well as the Departments of Education, Homeland Security and Commerce, among others.

This post updated at 7:27 pm. It originally misidentified the time of the ABA summit — it is being held the following week, on April 16 and 17.