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Edge Auto
Treasury Department Declines to Label China a Currency Manipulator (Firedoglake)
In 2010, over 350 members of the House agreed to a bill designed to punish
China for their currency manipulation. In 2011, 68 members of the Senate
agreed to a similar bill. But in a year-end report to Congress, the Treasury
Department voiced their disagreement, refusing to label China a currency
manipulator, instead opting for softer language around their failing to
"reform" currency operations.
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