21.05.2015 - Compromise floated on currency rules in U.S. Senate
Senior U.S. senators on Wednesday urged colleagues to support a compromise on boosting rules against currency manipulation in trade legislation key to a Pacific trade pact. Republican Orrin Hatch and Democrat Ron Wyden, the senior members of the Senate Committee on Finance, offered a joint amendment to legislation creating a fast track for trade deals through Congress. The Senate is expected to vote on the bill this week. The White House has said U.S. President Barack Obama would veto the bill if lawmakers back a proposed amendment to force sanctions against currency manipulators, which Treasury Secretary Jack Lew said was a poison pill for the 12-nation Trans-Pacific Partnership...............................................Full Article: Source
Print