An arcane financial policy idea that conservatives love to hate has become a perpetual nightmare for House Speaker Mike Johnson.
House Republicans have been pushing legislation for years that would ban the Federal Reserve from creating a central bank digital currency. Republican hardliners have repeatedly pushed to ban a CBDC in key bills that require Democratic support in the Senate to pass, imperiling their path forward.
Conservatives secured their biggest victory on the issue yet Wednesday after convincing GOP leaders to combine the digital currency ban with a bill reauthorizing government spy powers set to expire Thursday. That’s setting…
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