May 10 (Bloomberg) — Gene Sperling, a senior fellow at the Center for American Progress and a Bloomberg News contributor, and Amity Shlaes, a Bloomberg News columnist, talk with Bloomberg's Michael McKee about the political ramifications of Federal Reserve monetary policy, the U.S. Treasury's report on China's currency policy and the tax legislation currently before Congress. (Source: Bloomberg)

00:00 Sperling: Fed policy, political implications 02:08 Shlaes: economy, Treasury currency report 03:44 Sperling: congressional reaction to report 05:12 Shlaes: Iran and Vietnam negotiations 06:06 Sperling, Shlaes: tax legislation, wages

(Amity Shlaes is a Bloomberg News columnist. The opinions expressed are her own.)

© Copyright 2006 Bloomberg