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NYT: Congress Likely To Urge China To Raise Its Currency

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Tags: Balance of trade, China, Congress, Currency, United States

The House is expected to give the Obama administration another tool in its diplomatic pouch to pressure China to let its currency rise in value, reflecting growing concern around the country over the loss of manufacturing jobs, persistently high unemployment and a rising trade deficit.

In what is likely to be one of Congress's last significant measures before the election, the House will vote Wednesday on a symbolic but not insignificant measure threatening China with punitive tariffs on its imports to the United States.

Read the entire New York Times article here.
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