Michigan Senator Congressman Levin (brother of the senator) says that if China does not act on its exchange rate, Congress will.
Having gotten little from its softly-softy approach, the Obama Administration is increasingly lining up behind Congress. With Obama’s approval level slipping in the polls, China could join BP on the list of popular whipping boys…
Recent data shows China buying plenty of US treasuries once again, but that could slow if Obama turns his rhetorical canons eastward…