Bernanke Testifies To The Joint Economic Committee; And The Balance Of D.C. Theater For The Week

For those who miss the daily reruns of the televangelist driving the audience into a frenzy with chants of "pass this bill", before the donations plate is passed around, fear not: there is much to look forward to in the next few days, headlined by the Chairsatan, who already has his eye on the turboprint button all over again, who will testify on his economic outlook to the Joint Economic Committee later today.

Tuesday, October 4

  • House expected to pass continuing resolution (CR) to fund government through Nov. 18.  The Senate passed the measure last week.
  • Fed Chairman Ben Bernanke testifies on the economic outlook.  In the Joint Economic Committee.
  • GAO testifies on auditing the Federal Reserve. In the House Financial Services Subcommittee on Monetary Policy, chaired by Rep. Ron Paul (R-TX).

Wednesday, October 5

  • House Financial Services votes on small business legislation.  The committee is likely to pass several pieces of legislation that would raise the threshold for mandatory registration with the SEC from 500 to 1000, and for banks to 2000, exempt registration for the $5 million or less raised, and repeal the prohibition solicitation for small businesses raising funds under Reg D, which exempts small issuers from registration.

Thursday, October 6

  • Treasury Sec. Geithner testifies on the FSOC annual report to Congress.  In the Senate Banking Committee and House Financial Services Committee.
  • Excessive Speculation and Compliance with the Dodd-Frank Act. In the Senate Government Affairs Committee
  • Hearing on the President’s proposal on the long term unemployed. In the House Ways and Means Committee.
  • Obama Administration’s housing initiatives. House Financial Services

From Goldman