Goldman Sachs execs to Congress for hearing Tuesday

Goldman Sachs executives will appear before a congressional committee next week to talk about the financial crisis, Sen. Carl Levin (D-Mich.) said Thursday.

Levin confirmed rumors that high-level Goldman executives, likely including CEO Lloyd Blankfein, would be summoned to appear before the Permanent Subcommittee on Investigations next Tuesday, on which Levin serves as chairman. 

"There will be top Goldman executives coming in," Levin said, adding that his office would confirm hearing participants this afternoon. The hearing would also feature a "large number of documents," he said.

The hearings will offer lawmakers an opportunity to grill the executives for the first time in public since the firm was charged last Friday with fraud by the Securities and Exchange Commission (SEC).

Levin's subcommittee has been actively investigating the roots of the financial crisis over the past few months, with a series of hearings exploring both firms and the federal government.

The Goldman charges have also become a central part of the Senate debate on Wall Street reform legislation. The executives' appearance could provide Democratic senators an opportunity to make their case for financial regulatory reform on a public stage during the hearings.