Investor's Business Daily - Senate Finance Committee head Max Baucus told Market News he's planning a bill similar to legislation last year that would've forced the gov't to identify currencies that are "fundamentally misaligned" with the dollar and propose steps to fix the imbalance. It was aimed mainly at the Chinese yuan, which critics say is undervalued and has led to a flood of inexpensive Chinese imports. The bill could be ready by May 22, when a Chinese delegation visits Washington to discuss economic ties.
Source: http://rss.news.yahoo.com
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