Quantcast

W.House still reviewing China currency bill: officials

Oct 3, 2011, 7:46 a.m.

WASHINGTON (Reuters) - The White House is still reviewing a proposed Senate bill on China's currency and does not yet have a position to deliver on it, senior administration officials said on Monday.

The officials told reporters the Obama administration shares the concern about the Chinese yuan's exchange rate and was looking at the bill very carefully to make sure it was an appropriate response.

(Reporting by Matt Spetalnick, writing by Laura MacInnis)

Most Recent