Ron PaulThe media response to the appointment of Rep. Ron Paul (R-Texas) to the chairmanship of the House Domestic Monetary Policy Subcommittee has been swift and — somewhat surprisingly — mostly positive. Perhaps it is due to the fact that public opinion has been turning against the Federal Reserve, Paul’s longtime target that is overseen by his subcommittee.

As a lame-duck Congress winds down and a small army of Democratic legislators prepare to vacate their offices in Washington, U.S. Senator Harry Reid (D-Nev.) is quietly pushing a bill that would legalize online gambling.

While Americans were battling cap-and-trade legislation at the national and international levels, global-warming alarmists were quietly building regional systems between state and local governments, private industry, and even foreign governments that basically achieve the same effect -- higher energy prices for consumers and more money for governments.

Ron PaulIt’s official: Texas Congressman Ron Paul will be the Chairman of the House Subcommittee for Domestic Monetary Policy and Technology when the 112th Congress convenes in January. Rep. Spencer Bachus of Alabama, who is slated to be the Chairman of the House Financial Services Committee, of which the Monetary Policy Subcommittee is a part, announced Paul’s appointment as chairman of that subcommittee on December 9.

Days after President Obama announced an alleged compromise between the White House and Republicans on the Bush era tax cuts, Senate Majority Leader Harry Reid told reporters that the Senate is still in the process of working out the final details of the bill, but should be voting on the final package shortly. In fact, Senate floor debates on the tax cut deal may begin as early as today. (House Democrats, in a voice vote in a closed caucus meeting on December 9, rejected President Barack Obama's tax deal with Republicans in its current form, but it was unclear how much the package might need to be changed to secure approval, after which the bill would be sent to the Senate.)