The Delaware Gazette

Senate bill would hit China over undervalued money

WASHINGTON — The Sen­ate weighed on Mon­day whether to pun­ish China for under­valu­ing its cur­rency and tak­ing away Amer­i­can jobs. At issue is whether leg­is­la­tion would boost the Amer­i­can econ­omy, as its sup­port­ers argue, or ini­ti­ate a dam­ag­ing trade war with a major partner.

Economic outlook grim if no debt deal reached

DG235155_web_Obama-Debt-Showdown_Hoew-1

WASHINGTON — Hor­ror sto­ries are fly­ing about the dam­age that might be wreaked should Con­gress and Pres­i­dent Barack Obama fail to cut a deal by the Aug. 2 dead­line to increase America’s bor­row­ing limit. Nearly every Amer­i­can is in harm’s way, either directly or indirectly.

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