President Obama visits El Reno Federal Correctional Institution outside of Oklahoma City.

The all-day Make Progress National Summit takes place at the Washington Convention Center. 9 a.m.

Fed Chair Janet Yellen testifies before the Senate Banking, Housing and Urban Affairs Committee. 2:30 p.m.

Economic reports: Labor Department releases jobless claims (8:30 a.m.); Freddie Mac releases mortgage rates (10 a.m.); the National Association of Home Builders releases housing market index for July (10 a.m.).

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