–House Leaders Postpone Vote To Repeal Health Care Law
–House To Pay Tribute To Tuscon Victims Wednesday
–Senate Not Set To Return To D.C. Until Jan 24

By John Shaw

WASHINGTON (MNI) – House Republican leaders announced over the
weekend that they are delaying until next week the vote to repeal the
new health care law in the aftermath of the shooting in Tuscon in which
20 people were injured, six have died, and congresswoman Gabrielle
Giffords was seriously injured.

The House health care vote had been scheduled for Wednesday, but
will be delayed until next week.

The House vote is generally seen as symbolic since Democratic
leaders in the Senate have vowed not to even bring the bill up and
President Obama would certainly exercise his veto authority if it
arrived on his desk.

House Republicans are holding a policy retreat Thursday and Friday.

Even before the shooting, the Senate had been scheduled to be off
until Jan 24th.

The Congressional Budget Office will release its updated economic
and budget outlook later in January.

President Obama is set to release his fiscal year 2012 budget on
February 14.

Congress is still trying to complete work on the FY’11 budget.
Before adjourning in late December, Congress passed a stop-gap spending
bill that funds the government until March 4.

Republicans will try to cut the level of spending for the FY’11
spending bills below that which is in the current stop-gap bill.

None of the 12 regular spending bills were passed last year by
Congress for the fiscal year that began Oct. 1.

** Market News International Washington Bureau: (202) 371-2121 **

[TOPICS: M$U$$$,MFU$$$,MCU$$$]