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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

This Week: Geithner, Fed Meeting

This week kicks off the beginning of President Obama's first full week in office tackling the financial crisis. Already, he has made several efforts to get the stimulus bill underway and several of his appointees have already been confirmed. This week, we expect the Senate to vote to confirm Treasury nominee Tim Geithner. You may recall Geithner received tough questions from some Republicans last week over his admitted tax problems. They are notable, because as Treasury secretary he will oversee the Internal Revenue Service. But he is still widely viewed as one of the best candidates for the job and is likely to be confirmed.

On Tuesday, the Federal Open Markets Committee begins its two-day meeting, during which the Fed is widely expected to keep rates at record lows. The bigger question in Washington is whether the Fed will be transformed under an Obama Administration. A report by The Post's Neil Irwin and David Cho says it might take on far bigger responsibilities. Stay tuned.

But before that, today, the market will digest some data about the housing market. Data about the sales of existing homes comes out at 10 a.m. Check back here for live updates throughout the day.

--Sara Goo

By Sara Goo  |  January 26, 2009; 7:00 AM ET
Categories:  The Ticker  
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