Strength in emerging economies raises trade fears
Timothy Geithner
Lawmakers facing midterm elections have put pressure on the Obama administration to impose trade sanctions on China. Treasury Secretary Timothy Geithner on Wednesday stepped up pressure on Beijing to make more progress to let its currency fluctuate. In a speech at the Brookings Institution  Geithner said the United States would make currencies a major topic at international finance meetings this weekend in Washington.
 In a question-and-answer session  Geithner rejected the notion that other nations are letting the United States take the lead in trying to get China to revalue its currency. Critics say other countries fear upsetting Chinese leaders and losing sales for their companies. But Geithner did say the IMF should play a bigger role in monitoring how countries manage their currencies.
 "It is not good for the world  for the burden of solving this broader problem  the exchange rate problem  to rest on the shoulders of the United States " he said.
 He said other nations have been hurt by China's undervalued currency and would like to see Beijing adjust its currency.
Lawmakers facing midterm elections have put pressure on the Obama administration to impose trade sanctions on China. [TGT] on Wednesday stepped up pressure on Beijing to make more progress to let its currency fluctuate. In a speech at [TGT] said the United States would make currencies a major topic at international finance meetings this weekend in Washington.
 In a question-and-answer session  [TGT] rejected the notion that other nations are letting the United States take the lead in trying to get China to revalue its currency. Critics say other countries fear upsetting Chinese leaders and losing sales for their companies. But [TGT] did say the IMF should play a bigger role in monitoring how countries manage their currencies.
 "It is not good for the world  for the burden of solving this broader problem  the exchange rate problem  to rest on the shoulders of the United States " [TGT] said.
 [TGT] said other nations have been hurt by China's undervalued currency and would like to see Beijing adjust its currency.