As I wrote on Monday, the U.S./China game of chicken continues to race towards a potentially scary final outcome:

U.S. warns China to free up its yuan or else

Oh, and look, GW might actually veto something!! And on what grounds? Because a $295 bil. spending bill is a whopping $11 bil. over his decreed maximum. Way to put your foot down George -- I guess at least it's a start. (It will chip away at the $400+ bil. deficit).

My guess is they end up chopping off $11 bil. in environmental provisions.

UPDATE: I was right.