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Bernanke, Italian Election, Oscars: Week Feb. 23-March 2

Feb. 25 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke will give half-yearly testimony to U.S. congressional committees about the outlook for the world’s largest economy.

U.S. automatic budget cuts totaling $1.2 trillion may begin to take effect unless President Barack Obama and Republicans in Congress agree on a compromise.

Chinese February manufacturing data will indicate if that nation’s economy continued to recover from a slowdown. South Korea will inaugurate its first female president.

Pope Benedict XVI will retire at the Vatican.

MONDAY, FEB. 25

To contact the reporters on this story: Greg Miles in New York at gmiles1@bloomberg.net; Dick Schumacher in London at dschumacher@bloomberg.net; Keat Kian Koh in Singapore at kkoh@bloomberg.net

To contact the editor responsible for this story: Dick Schumacher at dschumacher@bloomberg.net

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