The U.S. economy faces two major risks, and there’s nothing Ben Bernanke or the Federal Reserve can do about it.

That’s the message Bernanke himself delivered to the Senate Banking Committee on Tuesday. The message wasn’t received by either politicians or markets. Read our full news coverage of Bernanke’s testimony.

In his twice-a-year official testimony on the state of the economy, Bernanke repeated the warning he’s delivered many times before: The economy is weak, threatened with a renewed recession because policy makers here and in Europe are hell-bent on disaster. Keep track of the latest on Bernanke on our live blog of his testimony.

QE3 is pointless as we head over the cliff - MarketWatch First Take - MarketWatch

Vitter To Bernanke: Are U.S. Banks Guilty OfManipulation? - Home - The Daily Bail

Nice exchange from B-52's Libor testimony. Vitter hits the Chairsatan with a left jab at the end of the round that leaves the Zimbabwe-trained Bernanke a bit wobbly.

Runs 90 seconds.