Congressman Ron Paul has been after the Federal Reserve for decades. His last great act before retirement, to audit the Fed, just passed the House of Representatives. All but one Republican voted for the bill with Democrats split down the middle. Our more corporate Democrats voted against the bill. Now the Senate has vowed to not take up the bill.

A senior Democratic Senate leadership aide said there are no plans to bring the bill up in the Senate, but didn’t rule out an attempt by Republicans to seek a vote on the measure as part of another piece of legislation. The Senate would be almost certain to defeat it given the Democratic majority in the chamber.

Dems are busy claiming an audit would politicize monetary policy:

"This bill would instead jeopardize the Fed's independence by subjecting its decisions on interest rates and monetary policy to GAO audit," said House Minority Whip Steny Hoyer (D-Md.). "I agree with [Fed] Chairman [Ben] Bernanke that congressional review of the Fed's monetary policy decisions would be a 'nightmare scenario,' especially judging by the track record of this Congress when it comes to governing effectively.