Senate may pass currency bill

U.S. Senate's Baucus Warns China That FX Bill Could Pass

If the Senate passes the currency bill, then it goes to Obama, who is headed for a major electoral loss. As I pointed out before, the Republican leadership was almost uniformly against it. That means Obama would be able to present a bipartisan front against the bill after the election. Therefore, the Senate needs to pass this bill with a veto proof majority for it to become law, or Obama must cave on the issue.

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