Senator raises China concerns on Blackstone
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Senator Jim Webb asked federal  authorities on Wednesday to look into &quot;national security  implications&quot; he said are posed by Chinese government  involvement with Blackstone Group LP  as it moves toward  a stock offering expected to raise more than $4 billion.
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Congressional action on legislation  to pressure China into raising the value of its currency could  be delayed until October because of other pending issues,  congressional aides said on Tuesday.
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Trade Representative Susan Schwab on  Tuesday warned of a growing threat to U.S.-China trade  relations because of protectionist impulses in both countries.
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A top Democratic senator on Wednesday said lawmakers were concerned about a slide in the value of the dollar and urged the Bush administration to step up pressure on China to move to a more flexible exchange rate.
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Blackstone Group LP, manager of the world's second-largest buyout fund, moved up its much-hyped $4.75 billion initial public offering to this week amid growing scrutiny of the firm on Capitol Hill and in the media.
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Can the co-founder of the Blackstone Group who has scored riches from a controversial tax break emerge as a credible voice in favor of fiscal constraint in Washington?
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Concerns about national security and technology transfer are being raised by rumors of Chinese interest in acquiring an American disk drive maker.
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A leading critic of China in the U.S. Senate called on Sunday for creation of a new American "import czar," saying the current maze of federal oversight has failed to protect consumers against harmful Chinese imports.
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In speech to conservatives, senator confronts critics over issues such as immigration head on.
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Blackstone Group LP , which is  preparing to go public, said on Friday that proposed U.S.  Senate legislation on the taxation of private equity firms  could materially increase its tax liability and lower the  partnership&#39;s value.
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The Inquiry focuses how the N.Y. Senate majority leaderâs private business dealings may relate to his position.
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A Senate vote this week on a  controversial bill threatening to impose steep tariffs on  Chinese exports to the United States was put into doubt on  Tuesday after the bill's authors said they were unsure whether  to press ahead with the vote.
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Treasury Secretary Henry Paulson on Friday tried to wave off U.S. lawmakers' bid to tighten the screws on China over its currency policy by warning that it could make it harder to settle turbulent markets.
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A Democratic senator said that Christmas tree ornaments sold at Wal-Mart Stores and other major retailers were made in a Chinese sweatshop.
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China's commerce ministry has warned of  the threat of protectionism to Sino-U.S. economic ties in  response to a decision by two U.S. senators to ditch a  controversial bill involving the yuan .
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A high-powered group of U.S. officials led by Treasury Secretary Henry Paulson pressed China over its currency and trade policies Thursday while Chinese officials stressed changes were being made over the long term.
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A top US senator voiced concern over political developments in Kenya ahead of next year's general elections, as the opposition warned of mass action to protest alleged government malfeasance.