business

A Favor For Fong?

Did politics prompt House Republicans to postpone a June hearing on claims that China funneled '96 campaign gifts through Asian businessman Ted Sioeng? The GOP says witnesses were unavailable. The Dems say Matt Fong, California's treasurer, who is running against Democratic Senator Barbara Boxer, doesn't need any heat from the China scandal. In 1995, Sioeng donated $50,000 to Fong, who later returned it. Fong also helped Sioeng meet Newt Gingrich.

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