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Editor's Choice: Week of June 15, 2009

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Healthcare takes center stage this week, starting with President Obama’s opening salvo June 13 on healthcare reform, and how he will pay for it, and following with a Senate committee on Health, Education, Labor and Pensions hearing June 16 on SR-235, the Affordable Health Choices Act.

In a busy week in the capital, on June 16 the Senate Finance Committee will hold hearings on the tax ramifications of climate change legislation; on June 17 the Senate Committee on Aging will hold a hearing on Social Security, while on June 18 the Senate Banking, Housing and Urban Affairs Committee welcomes Treasury Secretary Timothy Geithner to discuss “modernizing the financial regulatory system.”

Reports are mixed on whether the Obama Administration will appoint one super-regulator for financial services. Damian Paletta wrote June 9 in The Wall Street Journal that the idea was losing traction; perhaps Obama read Max Stier’s report in The Washington Post on June 8 on why such reorganizations often fail.

Market-moving reports this week include May housing starts on June 16 as well as producer prices on the same day, with May inflation numbers due June 17.


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