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**FILE** Federal Reserve Board Chairman Ben Bernanke testifies June 7, 2012, on Capitol Hill in Washington before the Joint Economic Committee about the health of nation's economy, the slumping recovery, and the European debt crisis. (Associated Press)

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D.C Council member Mary Cheh (right), Ward 3 Democrat, will take over as council chairman with the resignation Wednesday evening of Kwame R. Brown. The council will meet next Wednesday to appoint one of the four at-large members as interim chairman. Mr. Brown was charged earlier in the day in federal court with one count of felony bank fraud involving a home-equity loan. (Andrew Harnik/The Washington Times)

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D.C. Council Chairman Kwame Brown's staff members carry food into the chairman's offices at the Wilson Building after being charged with one felony count of bank fraud, Washington, D.C., Wednesday, June 6, 2012. (Andrew Harnik/The Washington Times)

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**FILE** The pre-market price for Facebook is seen May 23, 2012, at the Nasdaq MarketSite in New York. (Associated Press)

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**FILE** Television correspondent Sabrina Quagliozzi reports May 21, 2012, from inside the Nasdaq MarketSite in New York's Times Square. (Associated Press)

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Getco Securities trader Philip Finale (left) and its floor official Peter Giacchi (right) work June 6, 2012, on the floor of the New York Stock Exchange. (Associated Press)

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Michel Barnier, European Commissioner for Internal Market and Services, addresses the media June 6, 2012, at the European Commission headquarters in Brussels on a new framework for bank recovery and resolution. (Associated Press)

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Paul McCartney confirmed that he'll be the closing act for the opening ceremony at the Olympics in London. (MPL Communications via Associated Press)

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D.C. Council Chairman Kwame R. Brown (second from left) chats with council member Mary Cheh, Ward 3 Democrat, as other lawmakers arrive for a meeting at the John A. Wilson Building in Washington on Tuesday, June 5, 2012, to discuss and vote on the fiscal 2013 budget. (Rod Lamkey Jr./The Washington Times)