White House: Iran Not Why Currency Report Delayed

Sunday, 04 Apr 2010 11:56 AM

 

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The White House denies any connection between delaying a report on China's currency policies and seeking China's cooperation on new penalties against Iran for its nuclear program.

The report to Congress was due April 15 — just as China's president comes to Washington for a nuclear security summit.

Treasury Secretary Timothy Geithner said Saturday he was delaying publication because several high-level international meetings in the coming months would be a better way to advance the U.S. position.

White House economic adviser Lawrence Summers tells ABC's "This Week" that the Iran matter isn't causing the delay and that those meetings are a good way to have a direct dialogue with the Chinese.

Some lawmakers want China branded as a currency manipulator harmful to the U.S. economy.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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