Capitol Hill Happenings: Today in Congress

House Republicans continue to work on a budget bill that will trim spending enough to satisfy members of the conference. A temporary funding measure expires on March 4th. President Obama will present his spending plan on Monday.

Congressional Budget Office Director Douglas Elmendorf testifies before the House Budget Committee on his agency's budget and economic outlook at 10:00 a.m. ET.

House Minority Leader Nancy Pelosi, D-Calif., discusses her party's efforts to move legislation that focuses on job creation at a 12:00 p.m. ET news conference. House Speaker John Boehner, R-Ohio, holds his standard week in review presser at 11:15 a.m. ET.

A host of small business owners and economic experts talk about "regulatory impediments to job creation" with the House Oversight and Government Reform Committee at 9:30 a.m. ET. In addition to oral testimony, the committee has also started a website (americanjobcreators.com) for companies to share examples of federal regulations that harm their ability to expand.

Two separate national security hearings begin at 10:00 a.m. ET to outline threats at home and abroad. Director of National Intelligence James Clapper, National Counterterrorism Center Director Michael Leiter, and other intelligence professionals discuss the worldwide threat landscape with the House Select Intelligence Committee. After hearing public testimony, lawmakers with meet with the counterterror chiefs behind closed doors. Elsewhere, Transportation Security Administration head John Pistole lays out the steps his agency is taking to prevent an attack on the nation's transportation system.

We'll be following all these stories and more, so be sure to stay with Fox News for all the latest.