Google's Executive Chairman Eric Schmidt on Wednesday testified before the U.S. Senate in a hearing called "The Power of Google: Serving Consumers or Threatening Competition?". The Senate Judiciary subcommittee on Antitrust, Competition Policy and Consumer Rights sought to determine the impact Google's dominance (considered by some to be a natural monopoly) is having on competition.
Schmidt's oral testimony is embedded here.
ES Oral Testimony - As Prepared for Delivery - Google Docs