Inside these posts: U.S. House of Representatives

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Tea Party could challenge Federal Reserve

A sign at a Tea Party rally in September. (Brendan Smialowski/Getty Images)

The popularity of Tea Party candidates in U.S. elections could spell renewed efforts to curtail the power and independence of the Federal Reserve, which has been cast as an emblem of big government overreach.

Outsider candidates thriving on the right flank of the Republican Party have tapped anger at bank bailouts, soaring budget deficits and President Barack Obama’s health care and regulatory initiatives to topple establishment GOP politicians in elections around the country.

Tea Party members have lambasted the Fed for its unprecedented and aggressive steps to bolster the economy in the wake of the 2007-2009 financial crisis, saying the moves have exposed a lack of accountability at the Fed and raise the risk of damaging inflation down the road. Get the full story »

GOP leader urges 2-year freeze on tax rates

U.S. House of Representatives Republican leader John Boehner called Wednesday for a two-year freeze on all current U.S. tax rates, including Bush-era tax cuts for the rich set to expire at the end of this year. Get the full story »