A new report from the Economic Policy Institute finds that "unfair Chinese trade and currency practices caused the loss of as many as 2.4 million U.S. jobs between 2001 and 2008." The report comes as 130 members of Congress last week asked the Obama administration to officially label China a currency manipulator.
:"My belief is that China will not do anything unless they're required to, and every day we wait is a day we lose wealth, we lose economic advantage, we lose jobs," Schumer said. Senators vow action on China forex bill | Reuters