WASHINGTON -(Dow Jones)- White House economic adviser Lawrence Summers says an important exchange-rate policy report has been delayed because of upcoming international meetings.
"It's being delayed because that's part of our international economic dialogue, which is directed at supporting a crucial issue for jobs creation, doubling our level of exports, and that depends on what other countries do," Summers said Sunday on ABC's This Week.
Treasury Secretary Timothy F. Geithner said Saturday the U.S. will postpone a scheduled April 15 report on global exchange-rate policies. The Obama administration has faced demands to label China a currency manipulator.
But Summers, director of the White House's National Economic Council, cited meetings coming up, including a dialogue that takes place every year with China.
"Those are opportunities to engage with China, to engage with other countries that have large trade surpluses, other countries who think they can continue to rely on the United States as an importer of last resort," Summers said.
Copyright 2009 Dow Jones Newswires
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