This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Obama eyes modest momentum on Capitol Hill in 2014

The president is scheduled to arrive in Washington on Sunday morning after an overnight flight from his home state of Hawaii. He's spent two quiet weeks on the island of Oahu golfing and spending time with his family and childhood friends.

Upon his return, Obama will step back quickly into the debate over expired unemployment benefits for 1.3 million Americans. Senate Majority Leader Harry Reid, D-Nev., has scheduled a vote Monday night on a bill that would reinstate the benefits for three months.

Obama will try to make his case the following day, holding a White House event with some of those whose benefits expired at the end of December.

"For decades, Republicans and Democrats put partisanship and ideology aside to offer some security for job-seekers, even when the unemployment rate was lower than it is today," Obama said in his weekly radio and Internet address. "Instead of punishing families who can least afford it, Republicans should make it their New Year's resolution to do the right thing and restore this vital economic security for their constituents right now."

The issue with the greatest potential to upset the tepid truce forged in December's budget deal is the debt ceiling. As part of the agreement that ended the 16-day partial government shutdown in October, Congress suspended the $16 trillion-plus debt limit. Treasury Secretary Jacob Lew says bookkeeping maneuvers he can use to keep under that ceiling will last only until late February or early March.

Obama once again has pledged that he won't negotiate on the matter. House Republicans will plot their strategy at a caucus retreat later this month.

Aside from fiscal matters, the president also must make decisions on what changes he wants in the government's vast surveillance powers. He's expected to announce those changes before his Jan. 28 State of the Union address, though an exact date has not been set.

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASDAQ 5,009.2140 -3.9090 -0.08%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs