Boehner dismisses move to punish China on currency

WASHINGTON -- House Speaker John Boehner on Tuesday dismissed a Senate bill that could punish China for undervaluing its currency, saying it was "pretty dangerous" for Congress to tell another country how to run its monetary policy.

Boehner's statement to reporters came a day after the Senate voted 79-19 to advance legislation making it easier to impose trade penalties against China for manipulating its currency to make Chinese goods cheaper and American exports more expensive.   More

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