The Huffington Post | February 24, 2009 09:29 AM
Federal Reserve Chairman Ben Bernanke faces questions from the Senate Banking Committee Tuesday.
His testimony comes a day after the government moved closer to dramatically expanding its ownership stakes in the nation’s banks, including Citigroup Inc. The Treasury Department, the Fed and other banking regulators said Monday they could convert the government’s stock in the banks from preferred shares to common shares.
The event is expected to begin at 10 AM Eastern Time.