US speaker to block currency bill | Bangkok Post: breakingnews

A day after the US Senate passed legislation to punish China for its alleged currency manipulation, House Speaker John Boehner signaled he would block the bill to prevent a "trade war."

US House Speaker John Boehner speaks in Washington DC on October 7. A day after the US Senate passed legislation to punish China for its alleged currency manipulation, House Speaker John Boehner signaled Wednesday he would block the bill to prevent a "trade war."

"Given the volatility in the world markets, given the uncertainty about the world economy, for the Congress of the United States to be taking this step at this moment in time poses a very severe risk of a trade war," he said.