SPRINGFIELD, Virginia- Campaign for Liberty strongly opposes the GAO audit provision in H.R. 5018 The Federal Reserve Accountability and Transparency Act, legislation that would bring neither accountability nor full transparency to the Federal Reserve. The bill, introduced by Representative Scott Garrett (R-NJ) and Representative Bill Huizenga (R-MI) does not require a full GAO audit of […]
Consumer Financial Protection Bureau (CFPB) Director Richard Cordray answered tough questions from lawmakers earlier today about the organization’s data collection and office renovation. The office renovation is projected to cost $184 million dollars. There was a particularly testy exchange between Cordray and Chairman of the House Financial Services Committee Jeb Hensarling (R., Texas). From the Free […]
Campaign for Liberty President John Tate penned a letter to House Republicans this morning urging them to support Rep. Raul Labrador (ID-1) for House Majority Leader in the race to replace Eric Cantor. The House Republicans will vote for the next Majority Leader on Thursday. C4L encourages our members to contact their Republican representatives to […]
Consumer prices are up sharply in May as the Federal Reserve continues to pump money into the economy with no end in sight. From USA Today: Consumer prices last month posted their sharpest increase in 15 months as inflation continued a recent acceleration from unusually low levels. The rise in prices was broad-based, with food, […]
Senator Rand Paul has made no secret of his opposition to appointing nominees to the Federal Reserve Board of Governors until Senate Majority Leader Harry Reid holds an up or down, roll call vote on Audit the Fed. On Tuesday, Senator Reid once again broke Senate rules to overcome his opposition and invoke cloture on […]
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