Trade Correspondent, Washington DC, USA
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Apr 24, 2015

U.S. Export-Import Bank backers say ready for fight ‘to the death’

WASHINGTON (Reuters) – Supporters of the U.S. Export-Import
Bank said on Friday they would press ahead with legislation to
keep the bank alive despite efforts to shut it down.

“The perspective on the other side is not ‘reform Export
Import Bank,’ it is ‘kill it,’” said Oklahoma Republican Frank
Lucas, whose support for Ex-Im has made him a target for
conservatives demanding the bank close. “This is a fight to the
political and economic death.”

Apr 23, 2015

Trade bill key to Pacific pact clears Senate panel

WASHINGTON (Reuters) – Legislation to give the White House “fast track” authority to nail down a Pacific trade pact cleared its first hurdle in the U.S. Congress on Wednesday as a committee backed the bill and sent it to the full Senate for consideration.

Approved by the Senate Finance Committee on a 20 to 6 vote, the legislation would prohibit Congress from amending trade deals, instead allowing for just up-or-down votes.

Apr 23, 2015

U.S. trade bill key to Pacific pact clears Senate panel

WASHINGTON (Reuters) – Legislation to give the White House “fast track” authority to nail down a Pacific trade pact cleared its first hurdle in the U.S. Congress on Wednesday as a committee backed the bill and sent it to the full Senate for consideration.

Approved by the Senate Finance Committee on a 20 to 6 vote, the legislation would prohibit Congress from amending trade deals, instead allowing for just up-or-down votes.

Apr 21, 2015

U.S. Treasury warns Congress: Currency push for trade deals will fail

WASHINGTON (Reuters) – The U.S. Treasury on Tuesday warned lawmakers against insisting on sanctions against currency cheating in trade deals and said Pacific trading partners made clear they oppose such rules.

Senators plan to push for tough rules to stop trading partners deliberately weakening their currencies when amendments are considered on Wednesday to a bill to streamline the passage of trade deals through Congress.

Apr 21, 2015

U.S. senators want stronger currency rules in fast track trade bill

By Krista Hughes

(Reuters) – U.S. senators said on Tuesday they plan to push
for stronger rules against currency manipulation in legislation
that is key to reaching a major Pacific trade pact.

During a Senate Committee on Finance hearing on legislation
to streamline the passage of trade deals through Congress,
several Democratic senators raised concerns about trading
partners devaluing currencies to make their exports cheaper.

Apr 17, 2015

New Zealand says Canada must get serious on Pacific trade pact

WASHINGTON (Reuters) – Canada must make a meaningful offer to open its markets under a Pacific trade pact now that the United States is moving ahead with a key piece of trade legislation, New Zealand Trade Minister Tim Groser said on Friday.

Groser hailed the introduction of fast-track legislation in the U.S. Congress on Thursday and countries can now clear up remaining sticking points in the 12-nation Trans-Pacific Partnership (TPP).

Apr 17, 2015

U.S. lawmakers agree on wording of bill key to Pacific trade deal

WASHINGTON (Reuters) – Senior U.S. lawmakers reached agreement on Thursday on the wording of a bill aimed at giving the White House “fast track” authority to negotiate a Pacific trade pact that is central to President Barack Obama’s strategic shift toward Asia.

The agreement, over six months in the making, sets the stage for a bruising legislative battle over Obama’s proposed Trans-Pacific Partnership (TPP) and similar trade deals, with many Democrats opposed to the legislation along with a small but vocal contingent of Republicans.

Apr 16, 2015

U.S. senators agree on path to fast-track trade bill

WASHINGTON (Reuters) – U.S. senators said on Thursday they could present a bipartisan bill to move trade deals quickly through Congress as soon as later in the day after reaching agreement on aid for workers hurt by trade.

Republican Senate Finance Committee Chairman Orrin Hatch, a Republican, said the legislation, key to closing a 12-nation Pacific trade pact, could be unveiled in the early afternoon.

Apr 15, 2015

U.S. lawmakers closer on fast track trade deal key to Asia pact

WASHINGTON (Reuters) – U.S. lawmakers are close to finalising details of a bill to speed trade deals through Congress, a move that would seal a sweeping Pacific trade pact that has been more than five years in the making and is a key part of the Obama administration’s pivot to Asia.

U.S. Senate Finance Committee Chairman Orrin Hatch said on Wednesday he was working with the panel’s top Democrat, Ron Wyden, to get a deal.

Apr 15, 2015

U.S. senator hopes for fast-track trade bill deal by end of day

WASHINGTON (Reuters) – U.S. Senate Finance Committee Chairman Orrin Hatch said on Wednesday he hopes to reach an agreement by the end of the day on a bipartisan bill to speed trade deals through Congress.

The so-called fast track legislation, key to sealing a 12-nation Pacific trade pact that is part of President Barack Obama’s diplomatic pivot to Asia, has been bogged down in negotiations between Democrats and Republicans.

    • About Krista

      "I write about trade from Washington DC, where I moved in August 2013. IN nine years with Reuters, I have written about the Latin American economy from Mexico City and European Central Bank from Frankfurt. In a previous life, I worked in Australia and covered the economy and national politics for local news agency AAP."
      Joined Reuters:
      2004
      Languages:
      English, German, Spanish, Portuguese
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