‘AUDIT THE FED’ BILL MAKING PROGRESS IN CONGRESS: Federal Reserve officials may yet have to cough up a lot more information about their activities when auditors from the Government Accounting Agency come calling. A measure sponsored by Rep. Thomas Massie, R-Ky, greatly expands GAO’s auditing authority over the Fed, according to the Daily Caller News Foundation Investigative Group’s Katie Watson.

The House Committee on Oversight and Government Reform has scheduled a mark-up session on Massie’s proposal for Tuesday. Mark-up sessions are the among the last steps before proposals go to the House floor for final votes. A similar measure failed last year in the Senate but Sen. Rand Paul, another Kentucky Republican, introduced it again this year.