Archive for the ‘“pussyfooting”’ Category

Senate panel OKs currency bill aimed at China

July 27, 2007

By Doug Palmer 
July 27, 2007

WASHINGTON (Reuters) – The Senate Finance Committee voted 20-1 on Thursday (July 26)  to give the U.S. government new tools to press China to raise the value of its currency, but the Bush administration said it opposed the bill.

The overwhelming vote shows Congress is headed toward passing legislation by a big enough margin to overcome any presidential veto, said Sen. Charles Schumer, a New York Democrat who helped craft the measure.

“It is time to pass legislation that will have a real effect, and this bill will. A vote of 20-to-1 signals veto-proof support and shows the Chinese ….

Read the rest at:
http://news.yahoo.com/s/nm/20070727/pl_
nm/economy_currency_congress_vote_dc_4

Related:
To The U.S. Treasury Secretary: China Is Your Worst Nightmare, Sir

China: No More Mister Nice Guy

Senate Panel Indicates Readiness to “Squeeze China” Over Currency (July 27, 2007)