House Republicans passed their budget resolution, with all but one Republican supporting the bill in a massive win for Speaker Mike Johnson.
Congressman Thomas Massie (R-KY) reintroduced his bill to abolish the Federal Reserve on Thursday, calling the central bank the root cause of inflation and economic instability. The legislation, known as H.
The agenda passed the House 217-215 and would set out a total amount of money Congress could spend to implement Trump's priorities.
Republican Utah Sen. Mike Lee and Kentucky Rep. Thomas Massie will reintroduce legislation Wednesday afternoon to abolish the Federal Reserve.
Abolishing the Federal Reserve would transform the economy, increasing market uncertainty and favoring monetary alternatives like Bitcoin in a system less controlled by the government.
With the clock ticking toward a Friday government shutdown deadline, House Republicans unveiled a 99-page stopgap funding bill on Saturday that’s got President Donald Trump’s enthusiastic seal of approval.
U.S. Senate, House Republicans Introduce ‘Federal Reserve Board Abolition Act’ - Legislation Would Dissolve the United States Federal Reserve
As another budget vote looms, Republicans who have little margin for dissent to pass anything in the House are quarreling with one another. Republican Rep. Thomas Massie of Kentucky took to X to slam the budget as moving in the wrong direction on the ballooning federal deficit.
While Fed abolition remains a minority view within the Republican Party, these moves do signal movement within the Overton Window on the topic in recent years,
Representative Thomas Massie, a Kentucky Republican, voted against House Republicans' budget proposal on Tuesday night, siding with Democrats as the only GOP no vote. Newsweek reached out to Massie's office via email Tuesday for comment.
The pressure to pass a funding bill comes as Trump and Elon Musk's Department of Government Efficiency (DOGE) attempts to dramatically curtail government spending with executive o
Republican Utah Sen. Mike Lee and Kentucky Rep. Thomas Massie will reintroduce legislation Wednesday afternoon to abolish the Federal Reserve. The bill, titled the Federal Reserve Board Abolition Act,