U.S. Treasury Secretary Timothy F. Geithner delayed a report which was scheduled for April 15 to Congress on exchange-rate policies, avoiding a decision on whether to accuse China of manipulating the value of their currency, the yuan.

It appears that Geithner's decision was made because it might create turmoil in relations between the Obama administration and the Chinese government. With the massive US debt that China holds; the administration appears to be increasingly concerned with antagonizing China's leaders. At least twice before, China has shown its displeasure with White House actions. The recent visit with President Obama, by the Dalai Lama was roundly criticized by un-named Chinese officials.

Many of us in the media have been watching carefully to see whether China would attempt to influence U.S. policy; and how the Obama administration would respond. Stay tuned.