What we’re watching Tuesday
- Crowds packed Johannesburg stadium for memorial service for Nelson Mandela. Speakers included President Obama who said that Mandela was the last great liberator of the 20th century. The ceremony began one hour late due to rain.
Congress moves near deals on the budget and defense bills as Christmas break approaches.
Key financial agencies are expected to adopt tougher than expected final versions of the Volcker Rule to curb trading risks.
The senate will vote on President Obama’s nominee to the U.S. Court of Appeals for the District of Columbia Patricia Millett. This will be the first vote on a nominee since the 60 vote rule for stopping filibusters of most presidential nominees was abolished.
- Supreme Court will hear arguments on the Environmental Protection Agency’s rule to curb emissions from coal-fired power plants in 28 states.