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 Week of  April 6, 2020

  • This week, the U.S. House of Representatives and U.S. Senate are in an extended recess to further avoid spreading the coronavirus among representatives, senators, and staff. The Senate has indicated that it may reconvene for legislative business on Monday, April 20, 2020; the House leadership has not said when the chamber will return to Washington, DC .
  • On Tuesday at 11:00 a.m., the Congressional Budget Office releases its Monthly Budget Review for March 2020, which includes an analysis of federal spending and revenues for the previous month and the fiscal year to date. The monthly reviews, which are based on information from the U.S. Department of Treasury, provide information on the monthly status of outlays, receipts, and the deficit or surplus .
  • On Tuesday at 1:00 p.m., the Brookings Institution hosts a webinar titled, “The Economic Response to COVID-19,” with Former Federal Reserve Board of Governors Chairman Ben Bernanke. According to the invite, while health workers fight to restrain the spread of the COVID-19 virus itself, economic policymakers are examining the monetary and fiscal options for reducing the length and depth of the economic downturn that will follow in the wake of the virus. The Federal Reserve has already engaged many of its tools to ease the strain on the financial system, including some of the emergency mechanisms last used during the Great Recession, while Congress has passed a massive aid package for businesses and workers. Chairman Bernanke will discuss the economic effects of the coronavirus pandemic, how governments have responded so far, and what further options are available to soften the blow and help speed an economic recovery. For more information on the event, visit the Brookings website .
  • On Tuesday at 3:00 p.m., tthe Federal Reserve releases its “Consumer Credit – G.19” report, which includes the amount of outstanding federal and private student loans.
  • On Wednesday at 2:00 p.m., the Federal Reserve’s Federal Open Markets Committee (FOMC) releases the minutes of its meeting held on March 15, 2020 .
  • There are no further public events on higher education finance-related issues .

 

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