NU Online News Service, Oct. 4, 9:51 a.m. EDT
WASHINGTON—Treasury Secretary Timothy Geithner is expected to be on the hot seat Thursday as both the Senate and House banking committees take turns grilling him during a long-delayed hearing on the policies and regulations of the Financial Stability Oversight Council (FSOC).
Legislators are expected to question the precise measurements the FSOC will use in requiring insurers to be regulated by the FSOC if they are deemed "systemically significant."
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