Human Events | Brian Darling | July 21, 2008
Sen. Jim Bunning (R-Ky.) has pledged to block a Bush administration proposal being steamrolled through Congress to grant the Treasury Department and the Federal Reserve sweeping new powers. Slowing things down would allow Congress to debate the issue fully before approving measures that could put taxpayers on the hook for billions in debt incurred by Fannie Mae and Freddie Mac, the government-backed home-mortgage giants. [Read more…]