The Senate voted 63-35 in support of the currency bill. The currency bill was supported by Republican and Democratic Senators and is hoped to address the trade imbalance due to undervalued currencies. Although the Senate supported the measure, the House may not even vote on the bill. House Speaker Republican John Boehner does not support the legislation and the bill may not advance for a vote.
To read a related Reuters article, please click here:
http://www.reuters.com/article/2011/10/11/us-usa-china-idUSTRE79A5AO20111011
Jim Sutliff