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The U.S. Chamber of Commerce may sue the Obama administration over President Obama's controversial appointment of Richard Cordray to head a controversial consumer financial board, officials from the business group told Fox News on Wednesday after an unprecedented display of executive power that is sure to poison already-strained relations with the GOP.

Chamber spokeswoman Blair Latoff and colleague Bryan Goettel both told Fox News that their understanding is that "we are not ruling it out." However, they said they still "need to understand the specifics of the appointment to determine if a legal challenge is even possible."

The chamber was early in its criticism of the president's move Wednesday to appoint Cordray to chair the Consumer Financial Protection Bureau in a move that invites legal challenge but which administration officials say is perfectly within the president's authority to do.

"To say we are disappointed in the move by the president today would be a gross understatement," Chamber President Tom Donohue said in statement. "This controversial appointment is unprecedented, constitutionally questionable, and puts the authority of the director and the validity of the bureau’s work in legal jeopardy. What's more, it ignores repeated calls to reform the bureau by restoring basic checks and balances."

Rep. Ron Paul: The country is ripe for revolution - (Read Full Article)

Republican presidential candidate Ron Paul rallied a sold- out crowd of more than 1800 of his most ardent under-thirty-year-old supporters in New York City Monday night.

Tickets to the event cost $20-25. It was originally scheduled to take place at the famed Webster Hall's Marlin Room, but, the event had to be moved to a room twice as large at the last minute due to an overwhelming response. The final setting was in the Grand Ballroom, which has hosted celebrities to the scale of Mick Jagger and Madonna.

"We are seeing a level of enthusiasm for Ron Paul that can be compared with President Obama in 2008", said Eric Brakey, Media Coordinator for NYC Liberty HQ, the grassroots organization hosting the rally for the candidate. "Congressman Paul's youth support is different now than it was during his last presidential campaign. It's more organized and it's picking up steam and continues to grow".

As the longtime congressman from Texas stepped onto the stage, the crowd screamed with enthusiasm. The audience's biggest reaction came when he spoke about ending the Federal Reserve. "The country has changed in the last four years, but my message hasn't changed" Paul said. "The country is ripe for a true revolution".

Responding to an earlier interview with Jon Stewart, he told the crowd that he is largely ignored by the media for a couple of reasons, one being that "people in charge don't want to hear our message".

Tell Your Representative to Reject the PATRIOT Act Sneak Attack Before Tomorrow's Vote!

Tell your Congressperson to vote NO on the USA PATRIOT Act in tomorrow's vote! The PATRIOT reauthorization bill being fast-tracked to the House floor contains NO reforms to the law, and will be voted upon with NO debate and NO opportunity for amendments to add oversight and accountability. Help stop this sneak attack on your civil liberties: there are only hours left to visit our Action Center and tell your Representative to vote "NO" on H.R. 514, the PATRIOT extension bill.

In late 2009, when PATRIOT reauthorization was originally being considered by Congress, many important PATRIOT reform measures were proposed and debated, and a bill filled with powerful new checks and balances was reported favorably out of the House Judiciary Committee. But, as Congress ran up against the renewal deadline, it decided that there was not enough time to fully consider those reforms. So, in February 2010, Congress instead extended the "sunsetting" sections of the law until the end of this February, with a promise to fully consider the issues before the next deadline.

Ron Paul: Congress Criminally Devaluing Americans’ Savings

Last week the 112th Congress was sworn in. I am pleased that I will be chairing the Monetary Policy Subcommittee of the Financial Services Committee, which has oversight of the Federal Reserve. Obviously, this position will facilitate my efforts to ensure the Fed provides the American people with more information about what they have been doing with and to our money. Not surprisingly, since my chairmanship was announced, apologists for the Fed have been recycling the old canard about how increased transparency threatens the Fed’s so-called political independence.

By independence, they are referring to the Fed’s ability to greatly impact the economy with virtually no meaningful oversight. We only recently learned that the bankers at the Fed were able to use the latest financial crisis to bail out Wall Street cronies and foreign central banks with billions of dollars that were created and wasted, instead of appropriated and voted on by representatives of the people. The Fed and its supporters in Congress vehemently fought even this small bit of transparency and without this one-time provision in the financial reform act forcing disclosure, we would still not have this information. Indeed, we are in the dark on so much of what the Fed has done. This is extremely dangerous for our country, yet this power and secrecy is defended as some kind of public good, which is patently ridiculous.

Congress sticks it to U.S. farmers with passage of food safety bill

The U.S. House of Representatives passed H.R. 2751 yesterday with a 216 to 144 vote (yes, many members of the House did not even vote). The so-called Food Safety Modernization Act now heads to the President to be signed into law.

When witnessing such a moment in history when the federal government greatly expands its power over an entire industry, it's important to understand the Law of Unintended Consequences. Virtually everything bad that happens after a bill gets passed is due to this Law of Unintended Consequences.

Midterm blowout: 50 or more Democratic seats set to fall in Tuesday's election

Republicans are headed for a blowout election win that seems certain to seize more than enough seats to knock out the Democrats and take control of the House.

The Hill 2010 Midterm Election poll, surveying nearly 17,000 likely voters in 42 toss-up districts over four weeks, points to a massive Republican wave that, barring an extraordinary turnaround, will deliver crushing nationwide defeats for President Obama’s party.

Virginia congressman: ‘If you don’t tie our hands, we will keep stealing.’

“If there’s one thing I’ve learned up here (in Washington) and I didn’t really need to come up here to learn it, is the only way to get Congress to balance the budget is to give them no choice, and the only way to keep them out of the cookie jar is to give them no choice, which is why – whether it’s balanced budget acts or pay as you go legislation or any of that – is the only thing. If you don’t tie our hands, we will keep stealing.”

Incumbents running for reelection are expected to posture, inflate their accomplishments and embellish the truth. But the Yale-educated Democrat’s attempt to placate angry Tea Partiers by telling them that “If you don’t tie our hands, we will keep stealing” is shockingly, even brutally honest.