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The Senate on October 11 approved 63-35 legislation - - S. 1616, the Currency Exchange Rate Oversight Reform Act - - that could, if enacted into law, force the President to retaliate against alleged Chinese manipulation of its currency exchange rate. DOWNLOAD PDF

Some AWA member companies use the "Last-In-First-Out” method of accounting. As you know, the Obama Administration has proposed to end it and estimates to save $50 billion in "revenue lost” upon its repeal. Again LIFO repeal is contained in the Obama budget proposal before Congress. DOWNLOAD PDF