Wednesday's global agenda: Egypt votes, Iran negotiates

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Europe: Meanwhile in Europe, a showdown is expected between French President Francois Hollande and German Chancellor Angela Merkel over euro bonds during this evening's EU summit in Brussels [Reuters].

Maritime law: The Senate Foreign Affairs Committee holds a hearing this morning on accession to the Law of the Sea Treaty. Testimony by Secretary of State Hillary ClintonHillary Rodham ClintonPelosi on criticism of leadership: 'This is such a small item, it isn't about me' Trump: Obama didn't 'choke,' he 'colluded or obstructed' Juan Williams: Trump refills the swamp MORE, Defense Secretary Leon Panetta and Chairman of the Joint Chiefs of Staff Martin Dempsey will drive home that this is a priority for the White House.

China: In the afternoon, the Senate banking committee's panel on international trade and finance meets to review the U.S.- China Strategic and Economic Dialogue. The hearing follows Secretary of State Hillary Clinton and Treasury Secretary Tim Geithner's visit to Beijing for the annual high-level meeting earlier this month.

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