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Senate Republicans to Block Chinese Currency Bill Senate Republicans to Block Chinese Currency Bill

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CONGRESS

Senate Republicans to Block Chinese Currency Bill

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(Chet Susslin)

In an unexpected move, Senate Republicans will vote against a bill to crack down on China’s manipulation of its currency, Senate Minority Leader Mitch McConnell, R-Ky., indicated Wednesday.

"The China currency bill is highly unlikely to pass" in a cloture vote set for Thursday, McConnell said in an appearance on CNBC Wednesday night. Senate Republicans voted overwhelmingly to take up the bill in a 79-19 vote on Monday.

 

But now they are poised to block it. The about-face is in response to Majority Leader Harry Reid’s, D-Nev., decision Wednesday to deny amendments, GOP aides said.

Reid took that step to thwart a push by McConnell to highlight Democratic divisions by forcing a vote on a version of President Obama’s jobs plan that includes tax increases some Democrats oppose.

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