US Senate passes China currency bill

Published: 12/10/2011 at 09:38 AM
Online news:

Defying Chinese anger and White House warnings, the US Senate passed legislation to punish Beijing for alleged currency manipulation widely blamed here for costing American jobs.

Lawmakers voted 63-35 to approve the measure, which faced a gloomy future in the Republican-led House of Representatives amid warnings from leaders there that it could spark a trade war between the two economic giants.

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: Writer: AFP News agency; Position: Agence France-Presse

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hillfarang
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Discussion 1 : 12/10/2011 at 12:38 PM1
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Read between the lines... PRE-ELECTION PANDERING by Dem's in trouble about a bill opposed by the Republican-lead House & also the Dem President.

Pretty much a waste of time.

Meanwhile, China brings the yuan up to it's highest level in a very shrewd PR move.

Nothing's changed... USA still owes China big-time... (ticking time-bomb for US economy???)
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US Senate passes China currency bill | Bangkok Post: breakingnews