US Senate passes China Currency Bill

Full Story: CNN Money

The US Senate passed a bill on Tuesday targeting China's undervalued currency -- long accused of hampering the U.S. economy. The Senate voted 63-35 to slap new duties on imports from nations whose currency is undervalued -- a provision aimed squarely at China's Yuan. But the Republican-controlled House won't take up the bill, Speaker John Boehner has said, making Senate passage more of a political exercise than an attempt at legislating. Boehner has called the bill "dangerous."

Read full story for details for showing of bipartisanship ..

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