Tag: Sen. Rand Paul

‘Serious Blow to Trust in Our Government’: Lawmakers Torch Wray, Mayorkas for Skipping Out on Hearing

Daily Caller News Foundation
Alejandro Mayorkas, Christopher Wray

Senate Republican and Democratic lawmakers joined together in a display of bipartisan condemnation of Department of Homeland Security Secretary Alejandro Mayorkas and FBI Director Christopher Wray after the two declined to testify on Thursday before the Senate on global threats facing the U.S. homeland.

Mayorkas and Wray requested to move the annually-scheduled Senate Homeland Security and Government Affairs Committee (HSGAC) hearing to a classified setting, which would have broken with 15 years of precedence according to Democratic Michigan Sen. Gary Peters, Chairman of the HSGAC.

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GOP-Led House Passes Bipartisan Bill to Force China Company Bytedance to Divest Stake in TikTok

Just the News

A bill to require the Chinese company Bytedance to divest its stake in TikTok within 165 days or face a ban on the popular smartphone application in the U.S. passed on the House floor in a bipartisan vote on Wednesday.

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RFK Jr. Says Rand Paul Would Be ‘Incredible Successor’ to Mitch McConnell

South Carolina Sun Staff
RFK Jr And Rand Paul In front of white house

Independent presidential candidate Robert F. Kennedy Jr. said Republican Sen. Rand Paul of Kentucky would be an “incredible successor” to Republican Sen. Mitch McConnell of Kentucky in a post on X.

McConnell announced in a Wednesday floor speech he would step down as the leader of Senate Republicans in November, but would serve out his term in the Senate, which ends in January 2027. Kennedy, a longtime environmental advocate, suggested McConnell’s fellow senator from Kentucky, as the replacement.

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Sen. Rand Paul Proposes Fed Audit as Regional Bank Bailout Hits $141 Billion

South Carolina Sun Staff

Legislation offered by Sen. Rand Paul (R-Ky.), the “Federal Reserve Transparency Act of 2024,” would conduct an audit of the U.S. Federal Reserve by the Government Accountability Office (GAO) for the first time since the Dodd-Frank legislation of 2010 required an audit of the central bank’s purchases of mortgage-backed securities.

This time around, the GAO would look at the Fed’s entire balance sheet, including the recently enacted Bank Term Funding Program — now $141 billion according to the central bank’s latest H.4.1. release — that has been lending banks money in exchange for U.S. Treasuries after the spike in interest rates caused there to be a reported $620 billion of unreported losses including regional banks that experienced failures in the interest rate crunch.

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