US Senate to take up China currency bill next week
By REUTERS
WASHINGTON - The US Senate plans to vote next week on legislation to crack down on China's currency practices, despite concerns that could heighten trade tensions and further threaten global economic growth.Senate Majority Leader Harry Reid said he planned to bring up the legislation next week when lawmakers return from a break."I don't think there is anything more important (as a) jobs measure than China trade. That is what we are going to work on next week," Reid told reporters on Monday, saying the measure had support from both Republicans and Democrats."I feel very confident that we are going to pass it," Reid said.
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