Baucus Comment Regarding Treasury's Currency Report

Washington, D.C. -- Senator Baucus issued the following statement today following the release of the Department of Treasury’s Semiannual Report on International Economic and Exchange Rate Policies:

“I have long maintained that China’s exchange rate should better reflect market forces, for its own benefit and ours. I believe it is imperative that China continue reforms to rebalance its own economy as well as its economic ties with the United States. This Treasury report gives us just a snapshot of our economic relationships in a time of global crisis. I urge Secretary Geithner to work with Congress to chart a course for our economic ties with China months and years down the road, and set out clear milestones to measure our progress.”

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