US Senate offers lukewarm support for currency bill

Oct 06, 2011 | 06:10 PM | Catherine Ngai

Tags  currency bill, Obama

NEW YORK — The U.S. Senate moved to a final vote Thursday morning on legislation that aims to crack down on alleged illegal subsidies for Chinese products entering the United States.

Thursday’s vote passed by a thin 62-38 margin—obtaining only two votes more than the minimum required to limit debate and move the bill toward the House—and much closer than the overwhelming 79-19 vote taken Monday to open discussion (AMM, Oct. 5). The narrowing support may signal growing concern by lawmakers about the implications....

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