Monday, April 13, 2015

Trade fight looms as Congress returns

A smoldering debate over trade is expected to get even hotter after Congress returns from its two-week spring break.

Senate Finance Committee leaders Orrin Hatch and Ron Wyden appear poised to introduce a “fast track” trade promotion authority bill along with House Ways and Means Committee Chairman Paul Ryan. But months of closed-door negotiations were continuing on Friday, congressional aides said.
The power, largely embraced by Republicans, pits many congressional Democrats, including Sen. Elizabeth Warren and potentially Senate Democratic leader-in-waiting Charles Schumer, against the White House.

The measure would allow President Barack Obama to submit free trade agreements to Congress for straight up or down votes without any amendments. It’s seen as key to completing his signature 12-country trade deal known as the Trans-Pacific Partnership pact.

More: http://www.politico.com/story/2015/04/trade-fight-looms-as-congress-returns-116896.html



No comments: