-Retransmitting Story Initially Sent 12:22 EDT Monday
--Fed Chairman to Give Monetary Policy Views to Banking Panel Tuesday
--House and Senate Continue to Work on Fiscal Year 2002 Spending Bills
By John Shaw
WASHINGTON (MktNews) - Federal Reserve Chairman Alan Greenspan will testify Tuesday before the Senate Banking Committee on monetary policy issues.
Greenspan is scheduled to testify at 10:00 a.m. EDT. He is expected to be questioned on both monetary and fiscal policy as well as the condition of the U.S. economy.
Greenspan testified on monetary policy last week before the House Financial Services Committee.
A Senate Banking subcommittee is to hold a hearing Wednesday morning on the economic risks of a growing U.S. balance of payments deficit. Former Treasury Secretary Robert Rubin, former Fed chairman Paul Volcker, William Dudley, managing director Goldman Sachs, and Stephen Roach, managing director of Morgan Stanley are scheduled to testify.
The House and Senate also are to continue work on the fiscal year 2002 spending bills this week. Only 2 of the 13 annual spending bills have cleared both chambers of Congress.
The Senate is expected to work on the transportation and agriculture spending bills this week. The House is expected to take up the foreign operations, Treasury-Postal and perhaps VA-HUD spending bills.
The House Budget Committee will hold a hearing Wednesday morning on overhauling Medicare.
A House Financial Services subcommittee plans to hold a hearing Thursday on overhauling deposit insurance.
And, the House Rules Committee is to hold a hearing Wednesday on biennial budgeting.