Thursday, October 16, 2008 [[Page D1247]] Daily Digest Senate Chamber Action Senate met at 10:00:02 a.m. in pro forma session, and recessed at 10:00:30 a.m. until 3 p.m., on Monday, October 20, 2008. Committee Meetings (Committees not listed did not meet) ECONOMIC CRISIS Committee on Banking, Housing, and Urban Affairs: Committee concluded a hearing to examine turmoil in the United States credit markets, focusing on the genesis of the current financial and economic crisis, after receiving testimony from Jim Rokakis, Cuyahoga County, Cleveland, Ohio; Arthur Levitt, Jr., Carlyle Group former Chairman, Securities and Exchange Commission, and Marc H. Morial, National Urban League, both of New York, New York; Eugene A. Ludwig, Promontory Financial Group, former Comptroller of the Currency, Department of the Treasury, Washington, DC; and Eric Stein, Center for Responsible Lending, Durham, North Carolina. House of Representatives Chamber Action The House was not in session today. The House is scheduled to meet at 11 a.m. on Saturday, January 3, 2009, pursuant to the provisions of H. Con. Res. 440. Committee Meetings U.S. ECONOMY--ROLE OF CREDIT DERIVATIVES Committee on Agriculture: On October 15, the Committee held a hearing to review the role of credit derivatives in the U.S. economy. Testimony was heard from Walter Lukken, Acting Chairman, CFTC; Erik R. Sirri, Director, Division of Trading and Markets, SEC; and public witnesses. CONGRESSIONAL PROGRAM AHEAD Week of October 20 through October 25, 2008 Senate Chamber To be announced. Senate Committees (Committee meetings are open unless otherwise indicated) To be announced. House Committees Committee on the Budget, October 20, hearing on Economy Recovery: Options and Challenges, 10 a.m., 210 Cannon. Committee on Financial Services, October 21, hearing entitled ``Regulatory Restructuring and Reform of the Financial System,'' 10 a.m., 2128 Rayburn. Committee on Oversight and Government Reform, October 22, hearing on Credit Rating Agencies and the Financial Crisis, 10 a.m., 2154 Rayburn. October 23, hearing on the Financial Crisis and the Role of the Federal Regulators, 10 a.m., 2154 Rayburn. October 24, Subcommittee on Domestic Policy, hearing on Gaming the Tax Code: The New York Yankees and City of New York Response to Questions about the new Yankee Stadium, 10 a.m., 2154 Rayburn. CONGRESSIONAL RECORD (USPS 087ÿ09390). The Periodicals postage is paid at Washington, D.C. The public proceedings of each House of Congress, as reported by the Official Reporters thereof, are printed pursuant to directions of the Joint Committee on Printing as authorized by appropriate provisions of Title 44, United States Code, and published for each day that one or both Houses are in session, excepting very infrequent instances when two or more unusually small consecutive issues are printed one time. 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