An unlikely alliance of liberals and conservatives led by socialist Sen. Bernie Sanders and firebrand conservative Sen. Jim Demint is gaining ground in an effort to audit the Federal Reserve, despite objections by the White House and bank lobbyists.
The provision is “absolutely certain” to get a vote on the Senate floor, Sanders said Tuesday. Sanders said Majority Leader Harry Reid is pushing for his amendment to be subject to a 50-vote majority, rather than a 60-vote super-majority, but that Republicans haven’t agreed to that.
A stand-alone bill, like Sanders’s amendment to financial reform legislation, that would remove restrictions on the Government Accountability Office (GAO) to audit the Fed, has 32 cosponsors in addition to Sanders. Two-thirds are Republicans.
Obama has dispatched chief of staff Rahm Emanuel and Federal Reserve Chairman Ben Bernanke, originally a Bush appointee, to stop the amendment.
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