The Ticker

Treasury secretary: Avoid 'false crises'
With Congress and President Obama possibly heading to another showdown over raising the nation's debt ceiling, Treasury Secretary Jack Lew yesterday pleaded for lawmakers to "take away any cloud of uncertainty about the ability of the United States to pay its bills."
"It's not OK to default," Lew said on ABC's "This Week."
"I would certainly hope that Congress isn't looking to create confrontations and false crises because we did see, in 2011, how bad that is for the American economy," he said, referring to the partisan standoff, resolved at the last minute, that led Standard & Poor's to downgrade the nation's credit rating for the first time, from AAA to AA+.

Today
 National Association of Realtors releases pending home sales index for June.
 

TOMORROW
 Standard & Poor's releases S&P
 Case-Shiller index of home prices for May.
 The Conference Board releases the Consumer Confidence Index for July.
 Federal Reserve policymakers begin a two-day meeting to set interest rates.

WEDNESDAY
 Commerce Department releases second-quarter gross domestic product.
 Labor Department releases the second-quarter employment cost index.
 Federal Reserve policymakers meet to set interest rates.

THURSDAY
 Institute for Supply Management releases its manufacturing index for July.
 Commerce Department releases construction spending for June.
 Automakers release vehicle sales for July.

FRIDAY
 Labor Department releases employment data for July.

 Commerce Department releases personal income and spending for June.
 Commerce Department releases factory orders for June.

 Massachusetts Gov. Deval Patrick has appointed Nixon Peabody government investigations and white-collar defense partner J. William Codinha to serve as a commissioner on the Judicial Nominating Commission.

 Bluetrain Mobile has named Mary Monat as its vice president of sales. In this role, Monat will be responsible for building and leading a high-performance sales team to drive revenue growth, gain market share and develop strong customer relationships.

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