Ron PaulThe Federal Reserve Transparency Act (H.R. 1207), Congressman Ron Paul’s landmark bill to audit the Federal Reserve, has been gutted in a House subcommittee as it works its way toward a vote in the full House. The bill, which has garnered an astonishing 308 cosponsors from both parties, has attracted the scalpel of North Carolina Democrat Mel Watt (whose district happens to include Charlotte, the home of Bank of America, America’s largest commercial bank). According to Congressman Paul, whose Campaign for Liberty posted a video on the bill last weekend, Watt has cut out “just about everything” in prepping the bill for a full committee vote.

Jane HarmanA House Democrat who once claimed to "live and breathe security" has been under investigation this year for allegedly promising to use her influence to gain leniency for two "pro-Israeli lobbyists" in exchange for support of her own effort to gain the chairmanship of the House Intelligence Committee, the Washington Post reported Friday.

smokestackThe Senate held a hearing on October 29 dealing with the Clean Energy Jobs and American Power Act (S. 1733), cap-and-trade legislation that would cut CO2 emissions. At that hearing, evidence was presented that clearly showed how an aggressive emissions reduction strategy would be detrimental to the United States.

Congress dome

The House Select Committee on Energy Independence and Global Warming showed its bias against any criticism of the environmental movement at a hearing on October 29. While gladly investigating some apparently fraudulent letters sent to Congress opposing climate and energy (cap and trade) legislation, the Democratic majority on the committee objected to any testimony on how the green lobby is guilty of the same thing.

money burningDespite record-setting federal deficits, the House is considering how it can continue stimulating the economy without calling it a “stimulus.”