The Fed chairman usually testifies before the House Budget Committee in mid-January to give the panel an economic update before the president submits his budget request to Congress.

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Earlier, House Budget Committee Chairman Paul Ryan also recognized the challenge, telling the panel's first meeting on his proposed budget for next year that Congress faced a tough negotiation.

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Ten months after the George Washington University incident, Treasury Secretary Timothy Geithner traveled to Capitol Hill to testify before Mr. Ryan's panel about the White House's proposed budget for fiscal year 2013.

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