Ron Paul’s ‘Audit the Fed’ bill passes the House

The Texas Republican and presidential candidate, Ron Paul, is trying to pass his “audit the FED” bill in the US Congress, composed of the United States House of Representatives (lower house) and the United States Senate (upper house). The House of Representatives today approved his bill by 327-98, to increase the transparency of the Federal Reserve. Even though it was passed by the lower house and this is a victory for Paul and his supporters, the bill is considered dead on arrival in the Senate. Harry Reid, Democratic Senator from Nevada and the Senate Majority Leader, has vowed not to put it to a vote.

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