NU Online News Service, June 12, 3:51 p.m. EDT

WASHINGTON–Treasury Secretary Timothy Geithner willoutline the thinking behind the Obama administration's regulatoryreform proposals Thursday in rare consecutive hearings before theSenate and House financial services committees.

The hearings will follow the expected unveiling of theadministration's plan to reform regulation of the financialservices industry on Wednesday, by Laurence Summers, chairman ofPresident Obama's National Economic Council.

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