Pope's next encyclical to be released June 29

So says the AP:

A Vatican cardinal says Pope Benedict XVI's encyclical on globalization and the poor is expected to be released June 29.

The ANSA and Apnews agencies have quoted Cardinal Renato Martino, who heads the Vatican's office for justice and peace, as saying the encyclical is expected to be released on the feast of St. Peter and Paul, a major day for the church.

Benedict has been working on "Caritas in veritate" (Charity in Truth) since 2007 but recently said he had held back on issuing it so that he could update it to reflect the global economic downturn.

If the rumor is true, that means Pope Benedict will be releasing this encyclical one day after bestowing the pallium on this year's new archbishops, including American archbishops Dolan and Carlson (am I forgetting anyone? update - yes I was: Vigneron!).

Ph/t: Brian Saint-Paul.