It’s a busy week, marked by Congressional hearings, earnings reports, and economic reports that could move the markets.
First up, though, Rep. Charles Rangel floated a plan last week to tax the “rich” to pay for healthcare reform Amid criticism from Republicans, and calls from some, including Warren Buffett, for another round of stimulus spending, President Obama defended stimulus part 1 in his weekly radio address.
This week, earnings highlights include Charles Schwab on July 13, Goldman Sachs on July 14, JP Morgan Chase on July 16, and on Friday, July 17, Bank of America, and Citigroup.