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CHONGQING, China (Reuters) - U.S. Senators Charles Schumer and Lindsey Graham would be wise to postpone a vote on their bill to slap tariffs on China unless it lets the yuan rise faster, U.S. Commerce Secretary Carlos Gutierrez said on Monday. The senators have not yet said whether they would press for an immediate vote on their bill, which would impose a 27.5 percent tariff on China's exports to the United States if Beijing does not act on the yuan. The bill had been scheduled for a...

CHONGQING, China (Reuters) - U.S. Senators Charles Schumer and Lindsey Graham would be wise to postpone a vote on their bill to slap tariffs on China unless it lets the yuan rise faster, U.S. Commerce Secretary Carlos Gutierrez said on Monday. The senators have not yet said whether they would press for an immediate vote on their bill, which would impose a 27.5 percent tariff on China's exports to the United States if Beijing does not act on the yuan. The bill had been scheduled for a...

WASHINGTON (Reuters) - The Republican-led U.S. Senate Judiciary Committee announced on Friday it would hold a hearing next week on a call by a Democratic lawmaker to censure President George W. Bush for his domestic spy program.In a one-sentence notice, the panel said the hearing would be held next Friday by the order of its chairman, Republican Sen. Arlen Specter of Pennsylvania, who has opposed censure.Democratic Sen. Russ Feingold of Wisconsin introduced a resolution last week calling for...

By Doug Palmer WASHINGTON (Reuters) - The top Republican and Democrat on the Senate Finance Committee plan to introduce long-awaited China trade legislation on Tuesday -- a move that could siphon support from a controversial bill threatening China with tariffs. Senate Finance Committee Charles Grassley, an Iowa Republican, and Sen. Max Baucus, a Montana Democrat, said in a press release on Friday they would unveil their bill on Tuesday. That is just a few days before the Senate is...

SHANGHAI (Reuters) - China wants the United States to relax restrictions on its high-tech exports and ease access to visas for Chinese citizens, two visiting U.S. Senators told reporters on Friday. Sen. Charles Schumer reiterated that "the jury is still out" on whether he and Sen. Lindsey Graham would bring to a vote a bill to impose import tariffs of 27.5 percent on Chinese goods if Beijing refused to allow its currency to float more freely. "I believe in my heart that they agree...

By Doug Palmer WASHINGTON (Reuters) - A confrontation between the United States and China over Beijing's currency policy appeared less likely on Thursday after a leading Senate critic said he was hopeful China was moving in the right direction. "Things are better than they were a week ago, but we're still in a position where the jury is out," Sen. Charles Schumer, a New York Democrat, told reporters by phone from China after three days of talks with senior officials in Beijing....

By Jason Subler BEIJING (Reuters) - Two U.S. senators pressing China to loosen its currency controls said on Thursday they were more optimistic about resolving the dispute over the yuan's value. But as an official Chinese newspaper said their visit to China was unlikely to have much impact, Charles Schumer and Lindsey Graham said they were leaving their options open on how to proceed with their bill on the issue. Schumer, a New York Democrat, and Graham, a South Carolina Republican,...

By Jason Subler BEIJING (Reuters) - U.S. senators threatening China with sanctions unless it revalues the yuan said on Wednesday that letting the currency float would solve problems in both countries. Charles Schumer, a New York Democrat, and Lindsey Graham, a South Carolina Republican, are authors of a bill that threatens China with a 27.5 percent tariff on its exports to the United States unless Beijing allows the yuan to strengthen significantly against the dollar. "We have been...

BEIJING (Reuters) - U.S. senators threatening China with sanctions unless it revalues its yuan said on Wednesday that letting the currency float would solve problems in both countries.Charles Schumer, a New York Democrat, and Lindsey Graham, a South Carolina Republican, are authors of a bill that threatens China with a 27.5 percent tariff on its exports to the United States unless Beijing agrees to revalue its yuan currency at a higher exchange rate to the dollar."We have been made aware...

By Lindsay Beck and Jason Subler BEIJING (Reuters) - A U.S. senator threatening sanctions unless China revalues the yuan said on Tuesday he wanted to learn whether there was "a pattern of progress" in the currency's quickening rate of climb. Charles Schumer, a New York Democrat, is co-author with Lindsey Graham, a South Carolina Republican, of a bill that would impose a tariff of 27.5 percent on Chinese imports into the United States unless Beijing revalues the yuan "at or near its...