Getting your player ready...
WASHINGTON — The Obama administration has declined to cite China as a country that is manipulating its currency to gain unfair trade advantages.
The finding in a semiannual Treasury Department report released Wednesday comes after Treasury Secretary Timothy Geithner said during his Senate confirmation hearings that President Barack Obama believed China was manipulating its currency.
Geithner’s comments in January came in response to questions from the Senate Finance Committee and raised expectations that the new administration might take a tougher line in dealing with China than did the Bush administration.
