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Republican presidential candidate U.S. Sen. Ted Cruz Justin Sullivan Getty Images

Ted Cruz Wants to Audit the Federal Reserve

Jan 14, 2016

Ted Cruz, one of the most rock-ribbed conservatives in the Republican presidential field, supports auditing the Federal Reserve.

Radio and television host Glenn Beck, who has long advocated closer scrutiny of the Fed, published an e-mail Cruz sent him after missing a Senate vote on such an action:

I strongly support auditing the Fed. Indeed, I was an original co-sponsor of Ron Paul's Audit the Fed bill. Unfortunately, it was clear early on that yesterday's vote wasn't going to succeed (it fell 7 votes short). And, at the same time that the vote was scheduled, I had longstanding commitments to be in New Hampshire -- for a Second Amendment rally, and a 1500- person State of the Union town hall. If my vote would have made a difference in it passing, I would have cancelled my campaign events to be there. Because the vote was not going to succeed, I honored my commitments to be with the men and women of New Hampshire.

As President, I look forward to signing Audit the Fed legislation into law.

The original note was published on Facebook.

The Federal Reserve has been a hot topic in the Republican party for several years. The bill voted on this week was a proposal from Cruz's fellow presidential hopeful Rand Paul. Paul's father Ron ran for president in 2008 with shutting down the Fed as a major plank in his platform, and even wrote a book called End the Fed.

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