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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Giordano Bruno who wrote (279725)9/29/2010 7:02:34 PM
From: DebtBombRead Replies (1) of 306849
 
China targeted in bill on currency manipulation
House passes bill targeting China for currency manipulation, Senate prospects uncertain

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Martin Crutsinger, AP Economics Writer, On Wednesday September 29, 2010, 6:18 pm
WASHINGTON (AP) -- The House has approved legislation that would allow the U.S. to seek trade sanctions against China and other nations for manipulating their currency to gain trade advantages.

The 348-79 vote sends the measure to the Senate, where its prospects are unclear. Senate supporters hope to get a vote on a similar proposal after Congress returns following the November congressional elections.

Supporters said the bill would allow the Obama administration to pressure China on an issue that they say has led to the loss of more than 2 million manufacturing jobs in the U.S. over the past decade.
finance.yahoo.com
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