WELLINGTON/WASHINGTON, June 25 (Reuters) – Pacific Rim
countries are gearing up for a busy six weeks now that the U.S.
Congress has approved legislation key to sealing a massive trade
pact reaching from Canada to New Zealand, spurring a rush to get
the deal over the finish line.
Japanese Economy Minister Akira Amari said he hopes the
Trans-Pacific Partnership (TPP) can be wrapped up by the end of
July, and New Zealand Trade Minister Tim Groser said he sees a
U.S. summer break in August as a deadline.
WASHINGTON (Reuters) – Democrats in the U.S. Congress who backed legislation key to sealing a Pacific Rim trade pact this week shrugged off threats of retribution from labor unions and liberal activists who have vowed to hold them accountable at future elections.
Forty-one Democrats this week defied pressure and supported legislation to let the White House seal trade deals and send them on a fast track through Congress.
WASHINGTON, June 24 (Reuters) – U.S. lawmakers approved
legislation key to securing a hallmark Pacific trade deal by a
comfortable margin on Wednesday, advancing President Barack
Obama’s efforts to strengthen U.S. economic ties with Asia.
After a six-week congressional battle including two brushes
with failure, some fancy legislative footwork and myriad
backroom deals to keep the legislation alive, the Senate voted
60 to 38 to grant Obama the power to negotiate trade deals and
send them on a fast track through Congress. The bill next goes
to Obama for his signature.
WASHINGTON (Reuters) – President Barack Obama’s bid to boost U.S. economic ties with Asia was poised for a win on Wednesday, when a six-week congressional battle will culminate in a decisive Senate vote on legislation needed to seal his hallmark Pacific Rim trade deal.
After two brushes with failure, some fancy legislative footwork and myriad backroom deals to keep the legislation alive, lawmakers are expected to grant Obama the power to negotiate trade deals and send them on a fast track through Congress.
WASHINGTON (Reuters) – President Barack Obama’s call for “fast-track” trade negotiating authority to help him strike a Pacific Rim deal cleared a key hurdle in the U.S. Senate on Tuesday, paving the way for a final vote on the legislation on Wednesday.
On Wednesday, the Senate was likely to vote to grant Obama the power to speed trade deals through Congress, including his Trans-Pacific Partnership (TPP). If that happens, the fast-track measure would then go to the White House for Obama’s signature.
WASHINGTON (Reuters) – Democrats warned on Tuesday U.S. businesses face a “huge disruption” if the Export-Import Bank partially shuts down at the end of the month, putting new trade finance deals on ice.
The U.S. Congress has no plans to hold a vote on extending the charter of the U.S. export credit agency before going on a week-long break, meaning it is likely to expire on June 30.
WASHINGTON (Reuters) – President Barack Obama’s quest for a Pacific Rim trade deal to strengthen U.S. ties with Asia advanced on Tuesday, with the Senate moving toward a final vote on granting Obama the power to speed trade agreements through Congress.
Senate approval of “fast-track” negotiating authority for the president was likely to follow on Wednesday. That would move the trade package closer to completion, but a hurdle on a related measure remained in the House of Representatives.
WASHINGTON (Reuters) – President Barack Obama’s Pacific Rim trade pact moved closer to a final U.S. Congress vote, with lawmakers agreeing on Tuesday to limit debate on legislation that would grant Obama authority to speed trade deals through Congress.
A Senate vote on the legislation, known as fast-track negotiating power, was expected on Wednesday. Approval at that stage would send the bill to Obama for review. The debate-limiting motion was approved 60-37.
WASHINGTON (Reuters) – U.S. President Barack Obama’s signature Pacific trade pact faces another test in the Senate on Tuesday as legislation needed to close the deal returns for a second run through the chamber.
The legislation has already endured six weeks of congressional wrangling and two close brushes with failure after revolts by Obama’s own Democrats, many of whom believe trade deals will threaten U.S. jobs.
WASHINGTON (Reuters) – The U.S. Senate is headed toward showdown votes this week on legislation key to a Pacific trade pact, and two Democrats essential to passing the measure on Monday said they would support it, although some colleagues may change their votes to oppose the bill.
Senators Ron Wyden and Bill Nelson, two of 14 Democrats who backed a bill to streamline the passage of trade deals through Congress last month, said they would again vote “yes” on a measure that has divided their party and put most congressional Democrats at odds with President Barack Obama, also a Democrat.