Sen. Jeanne Shaheen (D-NH) will co-sponsor an amendment that would require government auditors to open up the books at the Federal Reserve.
The “audit the Fed” measure, first introduced by Sen. Bernie Sanders (I-VT), is actually popular on both sides of the aisle, but is staunchly opposed by the White House, the Fed and the financial industry. Sanders is trying to round up the 60 votes it need to overcome a likely filibuster.
The Obama administration will most likely be under intense pressure to veto the entire financial reform bill if “audit the fed” survives.
Reporting by Brian Beutler
