Posts Tagged ‘Senator Shumer’

Notes From Underground: Chinese exports increase dramatically and Schumer sets off fireworks

June 10, 2010

Yesterday’s release of Chinese trade data was just what Senator Schumer needed to refresh the populist agenda on Reminbi revaluation. Treasury Secretary Tim Geithner made an appearance before the Senate Finance Committee where Schumer exhibited his credentials as a fighter for American jobs. Remember that the senior senator from New York is vying for Senate leader just in case Harry Reid should lose his election in November. Geithner was challenged as to why the Treasury Department did not name China a currency manipulator and even stated that the Treasury maay in fact be contravening U.S. law.