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Wall Street & The White House Agenda

@ Wall Street

Last week?s report on housing starts offered some welcome evidence that the frigid housing market may be starting to thaw. Two housing indicators due out Tuesday may show no such promise.

Forecasters expect that new-home sales would have risen only 0.3 percent in June, after a 2.1 percent decline in May.

That would be consistent with most of the evidence of recent months: that the housing market is going nowhere. Also Tuesday, an update on the S&P Case-Shiller home price index should give a read on May prices in 20 major metro areas.

@ The White House

In the morning, the President and the Vice President will receive the Presidential Daily Briefing in the Oval Office.  Later in the morning, the President will meet with senior advisors in the Oval Office. In the afternoon, the President and Vice President will meet with Secretary of Defense Panetta in the Oval Office. This meeting is closed press.