The House continues to read a 359-page government funding measure and debate possible amendments to it on the floor. Members were burning the midnight oil on the bill last night, and Wednesday could be a long one too. The proposal currently cuts $60 billion from present spending levels, but members of the Republican conference are determined to get that number up to $100 billion, fulfilling a campaign promise.
While money matters for this year consume the House Chamber, representatives of the Obama administration will be on the Hill defending the president's plans for next year's budget.
Treasury Secretary Timothy Geithner pulls a double shift, appearing before the Senate Finance Committee at 10:00 a.m. ET and the House Budget Committee at 2:00 p.m. ET. Defense Secretary Robert Gates and Joint Chiefs of Staff Chairman Adm. Mike Mullen share their thoughts on the Department of Defense's allocation for 2012 with the House Armed Services Committee at 10:00 a.m. ET.Majority Leader Harry Reid, D-Nev., and other Senate Democrats roll out their party's economic agenda at an 11:15 a.m. ET newser. They say the pro-growth, jobs-focused plan will help the United States "win the future."
A bipartisan, bicameral group of lawmakers led by Senate Homeland Security Chairman Joseph Lieberman, I-Conn., and House Oversight and Government Reform Committee Chair Darrell Issa, R-Calif., meet to discuss a government report on federal agencies that have a "high risk" of waste, fraud, abuse, or mismanagement. New to the "high risk" file this year: the Interior Department's management of oil and gas resources.
The Senate Select Intelligence Committee holds a hearing at 10:00 a.m. ET on the worldwide threat picture with a panel of intelligence heavyweights, including Director of National Intelligence James Clapper, Central Intelligence Agency Director Leon Panetta, and National Counterterrorism Center Director Michael Leiter.
We'll be following all these stories and more, so stay with Fox News for the latest.