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Chuck Schumer

A US leader probes further scrutiny of China's Dalian Wanda Group.

US Senator Calls for Renewed Scrutiny of China’s Wanda Group

S. Rina   | Dec 05, 2016 12:18 AM EST

Incoming Senate Minority leader Chuck Schumer has called for further scrutiny of Chinese companies' takeover of the US firms. In a letter addressed to Treasury Secretary Jack Lew, U.S. President-elect Donald Trump and U.S. Trade representative Michael Froman, Schumer stated that it needs to be determined whether the takeovers are being stage managed by Chinese government.

Yuan Devaluation

China's Yuan Loses Value for Second Straight Day

Benjie Batanes   | Aug 12, 2015 11:50 AM EDT

Chinese financial authorities have let the yuan fall in value for the second straight day on Wednesday, providing a boost for the country's exporters. Meanwhile, other countries, such as the United States, have denounced China's decision to let the yuan devaluation trigger speculations of a currency war.

U.S. Senator Chuck Schumer (D-NY)

Chuck Schumer: Democrats' Health Care Reform Was Unnecessary

Kat De Guzman   | Nov 25, 2014 11:25 PM EST

Senator Chuck Schumer (D - New York) delivered a speech on Tuesday at the National Press Club and said while Democrats advocate the government's role in making people's lives better, he admitted that his party should not have pursued the health care reform.

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