Ron Paul's 'Audit the Fed' Bill on Fast Track

The legislation introduced by Texas Republican Ron Paul to audit the Federal Reserve is gaining momentum as more US lawmakers are rallying to support for the bill.

The Libertarian Republican cited the current financial downturn in the US as the main reason behind his bill.

"In the past, I never got much support, but I think it's the financial crisis obviously that's drawing so much attention to it, and people want to know more about the Federal Reserve," Paul told FOXNews.com on Tuesday.

Paul has gained the backing of 245 co-sponsors for a bill popularly known as the “Audit the Fed” bill.

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