CovenantNews.com

House Panel Approves Fed Audit

Fawn Johnson and Sarah N. Lynch / Wall Street Journal:
A key House panel on Thursday approved an amendment offered by Rep. Ron Paul (R., Texas) to give federal watchdogs massive new authority to audit the Federal Reserve. The approval came as the House Financial Services Committee concluded weeks of debate on a sweeping financial-overhaul bill to create a new council of regulators to wind down large institutions that pose a risk to the economy. A final committee vote on the bill will be postponed until after Thanksgiving.

Posted by Editor at November 19, 2009 06:54 PM