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Sunday, April 4, 2010

Daily Political Wire 4-4-2010

George Wenschhof


Today on Easter Sunday, President Obama and the First Lady will attend local church services -
as is often the case with Presidents, they have not yet settled on membership in a local church. The President and First Lady have attended services at several local churches, but choose not to release the name of where they will attend today in hopes they will create less of a disruption. The Washington Post has more here.

Yesterday, with the weather being so nice in the D.C. region, President Obama played a round of golf at the nearby Fort Belvior golf course.

Tomorrow, after the First Family hosts a Easter Egg Roll at the White House, President Obama will throw the first pitch at the Nationals baseball game. On Opening Day, the hope springs eternal for all the major league teams as they are all tied for first place. Their fate to be determined with the outcome of a long 162 game schedule.


Treasury Secretary Timothy Geithner delays currency report -
this comes amidst many Congressmen complaining about the Chinese keeping their currency; the yuan, at artificially low levels. By doing so, it has a negative affect of U.S. exports

Geithner indicated one goal would be to convince China to adopt a more "flexible"currency rate.

"A move by China to a more market-oriented exchange rate will make an essential contribution to global rebalancing," Geithner said in a statement. The has more here.

This issue was included in the discussion President Obama held by telephone with Chinese President Hu Jintao on Friday. Upcoming meetings are scheduled with leaders of G-20 nations.


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