WASHINGTON - Fed Chairman Alan Greenspan and Treasury Secretary Robert Rubin are scheduled to appear before the House Banking Committee tomorrow as the panel begins its examination of the Mexican peso crisis.
The hearings will focus on the causes of the Dec. 20 devaluation of the peso and will explore whether the administration had the authority to pledge $20 billion to help stabilize Mexican markets.
Lawmakers will also consider developing an international mechanism that would be able better to resolve such international financial crises.
In addition to Mr. Greenspan and Mr. Rubin, the banking committee will hear from Secretary of Labor Robert Reich, Secretary of State Warren Christopher, and Under Secretary of State for Political Affairs Peter Tarnoff.
The session starts at 2 p.m.
When the committee reconvenes at 10 a.m. on Friday, lawmakers will hear from a panel of scholars, economists, and members of former administrations.