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Treasury Dept. Opposes Fed Transparency

March 9, 2010 - by Donny Shaw

You would think the White House would get behind a proposal that is sponsored by a full 3/4ths of the House of Representatives, but they're not.

Ryan Grim of Huffington Post reported today from a briefing with Treasury Secretary Timothy Geithner and a couple Treasury officials that they are "intensely opposed" to the Ron Paul-Alan Grayson bill to require a full audit of the Federal Reserve. The bill has  already passed the House as a part of the broader financial reform package (H.R.4173) and it is immensely popular with the public as well as Members of Congress -- the stand-alone version of it has 317 co-sponsors in the House and 33 sponsors in the Senate. According to sponsorship statistics, it's the most popular bill in Congress right now.

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