Economists James Galbraith, Dean Baker and Robert Auerbach write a letter to Larry Summers, urging  him to “reconsider the administration’s position of apocalyptic opposition to the bill in Congress that would subject Federal Reserve operations to an audit” (PDF): Lyndon B. Johnson School of Public Affairs The University of Texas at Austin Austin, Texas 78712 [...]

Richard Burr and Claire McCaskill are signaling that they will flip-flop on Audit the Fed in order to protect Wall Street’s secret bailouts from scrutiny. Burr and McCaskill are among 67 Senators who either voted for or cosponsored Audit the Fed in the past year. Wall Street was asleep when Alan Grayson and Ron Paul’s [...]

Rahm Emanuel is working the phones for the Fed to flip enough votes to stop an audit. Now it’s up to us to work the phones just as hard to help pass the amendment to audit the Fed.

Call the Senate at (202) 224-3121, and then click here to report what happened when you called.

Ryan Grim reports that a bipartisan group of Senators is backing an amendment that will restore the Grayson-Paul “audit the fed” language to the Senate Financial Reform bill after Chris Dodd gutted it. An amendment by Bernie Sanders would restore the teeth of the Paul-Grayson language, and he’s joined by Republicans John McCain (Ariz.), Jim [...]

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