Ron Paul News

WASHINGTON Ever since its creation in 1913, the Federal Reserve has grappled with a daunting political contradiction.

Rep. Ron Paul's amendment would allow the Government Accountability Office to conduct audits of the Federal Reserve.

A House committee looks at weakening the Federal Reserve. That wouldn't be good for the central bank or the economy Published on Friday, Nov 27, 2009 I n 2008, Ron Paul sought the Republican presidential nomination with a libertarian message.

A U.S. congressional panel on Thursday approved a measure to open the Federal Reserve's monetary policy decisions to government audits, a surprise blow to the central bank's efforts to shield its independence and a signal of frustration with the central bank.

You might think it is hard being a legislator: You have to come to work on a Saturday, read thousands of pages, debate, vote - what a mess! Those poor congressmen and senators, sacrificing their weekends and doing all they can to save a troubled nation, right? Nope.

The first graf of this Rick Green post nails it: While the Democrats dither over Chris Dodd's chances at re-election and Greenwich businessman Ned Lamont thinks long and hard about whether he wants to run for governor, the Republicans are all of a sudden getting their chess pieces in place.

As Planet Money's Daniel Costello reports this morning , "Rep. Ron Paul, the Texas Republican and lifelong critic of the Federal Reserve, scored a big win Thursday on Capitol Hill by getting a House panel to pass a bill requiring new reviews of the Fed's interest-rate decisions." The Wall Street Journal writes that "Mr. Paul's amendment removes ...

The biggest news story of last week? O.K., maybe it was Oprah Winfrey announcing she was going to call it quits with her daytime show in 2011.

For the first time in history, the Federal Reserve Bank may be facing an audit. Yesterday, the House Finance Committee passed a bill that authorizes the Government Accountability Office to conduct a wide-ranging audit of the Fed's secretive deals with foreign central banks and major U.S. financial institutions.

An audit of the Federal Reserve Bank would "substantially castrate the Fed so it cannot do what it was set up to do," Rep.

The Federal Reservea s shield from congressional audits of interest-rate decisions took a blow from lawmakers who want to open the central banka s books to greater congressional scrutiny.

Rep. Ron Paul, who has sought to audit the Federal Reserve for 26 years, has inched ever so much closer to his goal.

Battles over regulatory change in Washington heated up Thursday as a House panel approved audits of the U.S. Federal Reserve.

That's a bad idea. But it will be made a little less bad if Congress establishes some oversight over the largely-unaccountable institution.

Something quite amazing happened yesterday in Congress: the House Finance Committee -- in a truly bipartisan and even trans-ideological vote -- defied the banking industry, the Federal Reserve, the Democratic leadership, and mainstream Beltway opinion in order to pass an amendment, sponsored by GOP Rep.

Today, during the House Financial Services Committee markup of the Financial Stability Improvement Act of 2009, Congressman Ron Paul's amendment to increase Federal Reserve transparency was passed by a vote of 43 to 26.

The health care debate has sucked so much oxygen out of the Capitol's chambers that it's been easy to miss another simmering story: Democratic fears about the economy.

Republicans Trey Grayson and Rand Paul exchanged sharp words on the issue of Guantanamo Bay, and Democrats Jack Conway and Daniel Mongiardo squabbled about their alliances with coal.

Close See a sample reprint in PDF format. Order a reprint of this article now NOVEMBER 20, 2009 House Attacks Fed, Treasury Panel Votes for Tighter Political Rein on Central Bank; Some Call for Geithner to Quit WASHINGTON -- Political frustration over the rescue of Wall Street and high unemployment erupted in the House Thursday, with one committee ...

This news is not directly related to election law, but it is being posted because it concerns Ron Paul, who has been the leading champion in Congress for ballot access reform for the last ten years.