Schumer says believes currency bill will reach Obama

Reuters News
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Posted: Sep 30, 2011 12:49 PM
Schumer says believes currency bill will reach Obama

WASHINGTON (Reuters) - A top Democratic senator on Friday said he was confident the Senate would "overwhelmingly" pass a bill next week to crack down on China's currency practices.

Senator Charles Schumer also told reporters he thought it would be difficult for Republican leaders in the House of Representatives to block the legislation, making it likely it would reach President Barack Obama's desk.

However, Schumer said he didn't know if Obama would sign the bill into law. "They said they're looking at it, so you'll have to ask them," he said.

(Reporting by Doug Palmer; Editing by Sandra Maler)