Senate must press overvalued yuan


Senate must press overvalued yuan

Politico – The full meaning of the midterms will be debated for a long time. But one thing is clear: Voters want Democrats and Republicans to work together to create jobs for Americans.

One way we can do that is to pass legislation that cracks down on Chinese currency manipulation. Democratic and Republican senators joined in March to introduce the Currency Exchange Rate Oversight Reform Act. A similar measure passed the House in September with strong bipartisan support, 348-79.

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