Update from Capitol Hill

  • Republicans on the Hill rallied around the passage of a balanced budget amendment to the Constitution.
  • Sen. Jim DeMint shot down arguments made by Treasury Secretary Tim Geithner that the US needs to raise the debt ceiling.
  • Sen. Mike Lee spoke on the Senate floor and responded to those who are urging that we must raise taxes to increase revenue for the government.
  • The Joint Economic Committee issued a report on just how badly the economic recession has become.
  • Senators Lee, Demint, and Paul introduced the Sound Money Promotion Act, which removes burdensome taxes on the gold and silver coins.
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