Fed Documents Reveal Secret Lobbying Effort Against Audit Provisions

The Federal Reserve is secretly engaged in an intense lobbying effort in an attempt to stave off moves to have the Government Accountability Office audit it, internal documents reveal.

The Huffington Post has obtained the documents, which were distributed to Senate offices by a Fed official, whose identity the online news site agreed not to reveal.

“The effort to beat back the audit relies on playing two members of the same caucus — Sens. Bernie Sanders (I-Vt.) and Jeff Merkley (D-Ore.) — off each other.” writes Ryan Grim.'

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