Capitol Hill Happenings: Today in Congress

Officials from five of the largest oil companies appear before the Senate Finance Committee at 9:00 a.m. ET to discuss oil industry profits and practices. Many Senate Democrats are pushing for an end to certain oil company tax credits that they say aren't needed by an industry pulling down record windfalls as consumers across the nation pay more than $4 a gallon for gasoline.

The White House hosts a pair of meetings on the debt with members of Congress. In the morning, President Obama and Vice President Biden meet with Senate Republicans to try to find common ground in the quest to reduce the nation's budget deficit. Later in the day, Biden huddles with a more select bipartisan group of lawmakers for talks on an increase to the nation's debt limit.

Back on Capitol Hill, the House Oversight Committee looks into reports of a proposed White House directive that would require federal contractors to disclose their political donations. Members from both parties worry that the order would unnecessarily politicize the procurement process. The director of procurement for the Office of Management and Budget, Dan Gordon, will tell the committee how the executive branch currently awards contracts.

Why ask the postman to "deliver the letter, the sooner the better," when it's just as easy to instantly send an email? The House Oversight Committee discusses the decline in mail delivery, along with other challenges the United States Postal Service faces in the digital age.

We'll be following all those stories and more, so be sure to stay with Fox News for all the latest.