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Supreme Court denies banking group’s appeal to withhold Fed lending data
The Supreme Court let stand a ruling that the U.S. Federal Reserve must release data on emergency loans made to Wall Street banks during the financial crisis in 2008. The high court declined to hear the appeals of the Clearing House Association, a group that represents major commercial banks such…
Federal Reserve expected to claim no homes have been wrongfully foreclosed
Can you justify putting a family out on the streets? What about millions of families? According to remarks at a recent public meeting, the Federal Reserve is preparing to do just that. In a recent meeting of the Fed’s Consumer Advisory Council, the nation’s central bank came under intense criticism…
Bernanke warns on oil price ‘threat’
WASHINGTON — Federal Reserve chairman Ben Bernanke on Tuesday warned a “sustained” rise in oil prices could threaten US growth and spark dangerous price rises, as he eyed turmoil in Libya. Bernanke told Congress he believed unrest in the oil-rich Middle East would result in “temporary” and “modest” increase in…
Ron Paul: ‘Government is in the process of failing’
Is he running for US Senate? Is he signaling his bid for US president? Or is he hinting at something deeper within the US political climate? Rep. Ron Paul (R-TX) sounded like he was about to hit the campaign trail again during his speech at a right-wing forum Friday, but…
Ron Paul holds first hearing to scrutinize Fed
WASHINGTON – Texas Republican Rep. Ron Paul on Wednesday held his first official hearing to examine the policies of the Federal Reserve on unemployment and economic growth. Paul, an outspoken critic of the Fed, was tapped to chair the House financial services subcommittee on Domestic Monetary Policy and Technology after…
Ron Paul, Ralph Nader agree on ‘progressive-libertarian alliance’
In this corner, a libertarian, tea party hero who ran several campaigns as a candidate for US president on the Republican ticket. And in that corner, a progressive icon of the left who also ran several campaigns for the US presidency but on the Green Party ticket. One might think…
Ron Paul: ‘What we need is more WikiLeaks’
Popular Texas Republican Congressman Ron Paul is no stranger to breaking with his party, but in a recent television appearance the libertarian-leaning Rep. went even further than any member of Congress in defending whistleblower website WikiLeaks. Speaking to Fox Business host Judge Napolitano on Thursday about recent revelations at the…
Rep. Ron Paul expected to lead House in Federal Reserve oversight
Republican Representative Ron Paul on Thursday said he will push to examine the Federal Reserve’s monetary policy decisions if he takes control of the congressional subcommittee that oversees the central bank as expected in January. “I think they’re way too independent. They just shouldn’t have this power,” Paul, a longtime…
Greenspan: End Bush tax cuts
Former Federal Reserve Chairman Alan Greenspan believes that the US should “follow the law” and let the Bush tax cuts lapse. He disagreed Sunday with Republicans who say that tax cuts pay for themselves. “I am very much in favor of tax cuts but not with borrowed money,” Greenspan said…
1.8M acres of Alaska drilling leases go up for bid
The Interior Department is offering oil and gas leases on 1.8 million acres of Alaska’s National Petroleum Reserve while promising to protect critical migratory bird and caribou habitat. Interior Secretary Ken Salazar said Friday that the Bureau of Land Management will offer 190 tracts, covering more than 2,800 square miles,…
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