A Bill to Audit Fed Passes House 327-98

Thursday, July 26th, 2012 and is filed under Blog, News

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For all the talk of too much partisanship in Washington, members of the House got together and passed a commonsense bill to audit the Fed.  The Fed exerts more control over our economy than any other entity in government, yet it has not been audited since its creation in 1913.  Yesterday, the House passed Ron Paul’s H.R. 459, which would finally open up the books of the Fed to the public. The bill passed 327-98 with support from almost half of Democrats. The bill should pass the Senate today and go to Obama’s desk tomorrow.  But as Politico reports, Harry Reid plans to block the bill from consideration.  This is so important and so popular with the public that Senate Republicans must use parliamentary procedures to bring this bill before the floor and force Democrats to take a stand.