POLITICS

Bernanke, Paulson Head Back To Capitol Hill Today

10/25/2008 05:12 am ET | Updated May 25, 2011

It's round two today on Capitol Hill for the nation's top financial officers.

During a Senate hearing yesterday, Fed Chairman Ben Bernanke described the state of U.S. financial markets as very fragile, unpredictable and worrisome.

Bernanke said quick action by Congress is urgently needed to stabilize the economy and avert serious consequences, including recession, higher unemployment and more home foreclosures.

Treasury Secretary Henry Paulson also warned the broader economy is threatened by the financial sector meltdown.

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