As the President and First Lady jaunt off to Copenhagen — on separate planes — to push for Chicago hosting the 2016 Olympics, Democrats in the U.S. Senate are trying to get ready for another meeting in Copenhagen: the UN Climate Change Conference in December. While the Obamas were working to maximize their “carbon footprint,” Senators Barbara Boxer and John Kerry were introducing legislation that is ostensibly aim at eliminating everyone else’s.
The House of Representatives passed a temporary spending bill on September 25 to keep the federal government in business through October. In order to avoid a government shutdown, the Senate must now approve the measure before the new fiscal year starts on October 1.
The House Committee on Financial Services held its first major hearing on H.R. 1207, the Federal Reserve Transparency Act, today. H.R. 1207, originally introduced by Ron Paul (R-Texas), now has 295 cosponsors in the House and a great deal of public support. (The bill’s Senate equivalent, S.604, called the Federal Reserve Sunshine Act, has 28 cosponsors.)
Near the start of this year Ron Paul (R-Texas) introduced H.R. 1207, the Federal Reserve Transparency Act of 2009. The bill was referred to the House Committee on Financial Services. As of this writing, H.R. 1207 has 282 cosponsors.
Questions about Florida Senator Melquiades Martinez’ decision to resign two years before the end of his term are flooding the Internet, along with speculation regarding who will replace him. So far, it seems nobody really knows for sure, though there are some indications.
Earlier today the Senate Judiciary Committee voted 13 to 6 to confirm federal appeals court judge Sonia Sotomayor to the U.S. Supreme Court. She would be the first Hispanic to be appointed to the court.
The current (July 20) issue of The New American includes our first congressional scorecard on the 111th Congress, which convened in January. The scorecard, entitled “The Freedom Index,” rates congressmen based on their adherence to constitutional principles of limited government, fiscal responsibility, national sovereignty, and a traditional foreign policy of avoiding foreign entanglements.
It will come as a surprise to many Americans to learn that the Federal Reserve, created by Congress in 1913, has never been audited. Even though the organization possesses complete control over the nation’s monetary system, the Fed remains an untouchable base of power.