Economy on the Hill: Treasury Secretary Timothy F. Geithner will tell House and Senate lawmakers that China has kept the value of its currency, the renminbi, artificially low to help its exports and has largely failed to improve the situation as it promised to do in June in hearings on Capitol Hill today. The Times’s Sewell Chan has the details.
Meanwhile, Mary L. Schapiro, the chair of the Securities and Exchange Commission testifies before the House Finance Committee on the S.E.C.’s new confidentiality provision, which protects against disclosure of material the commission gathers from financial firms. Some want the provision repealed.
Hey, Big Spenders: California’s gubernatorial candidate Meg Whitman surpassed Mayor Michael Bloomberg’s record in personal spending on an election, giving her campaign another $15 million on Tuesday. She’s now spent a total of $119 million on the race, five million more than what Mr. Bloomberg spent last year to win his third term as New York City’s mayor.
Who Voted for Castle? Answer: The urban residents in the northern tip of Delaware. Check out this map posted by the Delaware News Journal.
http://thecaucus.blogs.nytimes.com/2010/09/16/the-early-word-geithner-schapiro-on-the-hill/