Roll Call: Latest News on Capitol Hill, Congress, Politics and Elections
July 28, 2015

Cruz Backs Paul’s Strategy for Audit the Fed Vote

(Douglas Graham/CQ Roll Call File Photo)

(Douglas Graham/CQ Roll Call File Photo)

Sen. Ted Cruz announced Wednesday that he is backing an effort by fellow Republican Rand Paul of Kentucky to get a vote on auditing the Federal Reserve as a condition for considering the nomination of Janet L. Yellen to be chairwoman of the Fed.

“I agree with Rand Paul: before the Senate votes on whether to confirm Janet Yellen, we should at the very least allow a vote on the Audit the Fed bill,” the Texas Republican said in a statement. “The Federal Reserve has expanded our money supply by trillions, benefiting Wall Street but making life harder for millions of Americans struggling to make ends meet.”

Paul and Cruz cannot block Yellen’s confirmation because Senate supporters could work around them with a cloture vote to limit debate and avert a possible filibuster.

However, if the senators could rally support within the Senate Republican Conference, they could get the vote on the Federal Reserve audit as a condition for moving the nomination forward.

It isn’t clear yet what the appetite among the Senate GOP (as well as supporters of the audit within the Democratic caucus) would be for such a move.

Several conservative groups are steering clear of real engagement on the Yellen nomination; she faces a confirmation hearing Thursday at the Senate Banking Committee.

Comments (16)

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  1. Obaid Karki

    Nov. 14, 2013
    3:49 a.m.

    How would one feel safe when truth is moderated?

    Audit the FEDS you must be kidding!

    ✡I will take those Kochsuckers seriously when Cruz and Rando [Paul]-the-traitor get a Mugshot with Ben Shalom Bernanke first.

    ✡The Federal Reserve is a Private Bank ain’t owned by American people that the House and the Senate representing.

    ✡The Federal Reserve owns the IRS who runs Americans as tax generating buffaloes and lends the government fiat at undeclared[able] hefty interest rate to devastate America.

    ✡When someone will find out how much Ben Shalom Bernanke printed fiat to save lazy New Zealand by the then we have something to talk about.

    ✡Shut-up, sit-down and quit reblogging trash.

    ✡America is a British colony alas British common wealth.

  2. Calamity

    Jan. 29, 2014
    8:44 a.m.

    If Cruz is involved it means higher spending and more tax cuts to the rich. that’s all he knows. Fear to get it. Money to spend….as long as it isn’t his or his rich masters.

  3. CharliePeters

    Feb. 21, 2014
    9:45 p.m.

    Audit te fed

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