House Speaker dismisses move as 'pretty dangerous'
Source: Agencies |
October 5, 2011, Wednesday
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Print Edition
Print Edition
A US bill that would pressure China to let its currency rise in value ran into opposition yesterday from the top Republican in Congress, who called the proposal a "dangerous" overreach by lawmakers.
"I think it's pretty dangerous to be moving legislation through the US Congress forcing someone to deal with the value of their currency," said US House of Representatives Speaker John Boehner.
"While I've got concerns about how the Chinese have dealt with their currency, I'm not sure this is the way to fix it," Boehner said, calling the legislation well beyond what he saw as the proper scope of the US Congress' work.
"I think it's pretty dangerous to be moving legislation through the US Congress forcing someone to deal with the value of their currency," said US House of Representatives Speaker John Boehner.
"While I've got concerns about how the Chinese have dealt with their currency, I'm not sure this is the way to fix it," Boehner said, calling the legislation well beyond what he saw as the proper scope of the US Congress' work.
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