UPDATE D: 2:45 p.m.: The Senate will not begin debating postal reform until late Wednesday at the earliest, according to several Senate aides. Senators are slated to vote Monday afternoon on a bill to repeal oil industry tax breaks, a Democratic-sponsored measure that wasn’t expected to earn widespread Republican support. But Senate GOP leaders have told members to vote for cloture in hopes of beginning a days-long debate over tax cuts, energy policy and rising gas prices. Read full article > >

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Senate turns attention to the Postal Service

The Congressional Budget Office is projecting that the nation’s unemployment rate will remain near 9 percent through 2012, representing a downgrade in the independent analyst’s economic prediction since a forecast released in August . CBO Director Douglas Elmendorf told members of a new congressional committee on deficit reduction created in the August debt deal that new economic data gathered in just the last few weeks has resulted in the dimmer projection. Read full article > >

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CBO head predicts slower economic growth before supercommittee