WASHINGTON (Reuters) – The U.S. Senate appears to be closing in on a deal to begin voting on a controversial trade deal a day after a Democrat rebellion appeared to hurt the chances of President Barack Obama winning swift authorization to complete a Pacific trade pact.
A compromise being brokered between Republicans and Democrats would set up a vote on fast track trade authority with a worker assistance provision, while two other trade bills sought by Democrats, on currency manipulation and African trade benefits, would be considered separately.
WASHINGTON, May 12 (Reuters) – U.S. Senate Democrats
delivered a major blow to President Barack Obama’s trade agenda
on Tuesday, blocking debate on a bill that would have smoothed
the path for a Pacific trade pact.
The stunning outcome cast doubt on legislation that is key
to the Obama administration’s ability to complete the 12-nation
Trans-Pacific Partnership, a central plank of its pivot to Asia.
WASHINGTON, May 12 (Reuters) – Legislation giving U.S.
President Barack Obama authority to speed trade deals through
Congress failed a crucial procedural test on Tuesday, delaying a
measure that may be key to President Barack Obama’s diplomatic
pivot to Asia.
In a setback to the White House trade agenda, the Senate
voted 52-45 – eight votes short of the necessary 60 – to clear
the way for debate on the legislation, which would allow a quick
decision on granting the president so-called fast track
authority to move trade deals quickly through Congress.
WASHINGTON, May 12 (Reuters) – The Pacific trade agreement
faces its first test in the U.S. Senate on Tuesday in a
knife-edge vote that may hold the key to President Barack
Obama’s diplomatic pivot to Asia.
“This is going to be an old fashioned cliffhanger,” said a
senior Senate Democratic aide.
WASHINGTON (Reuters) – The Pacific trade agreement faces its first test in the U.S. Senate on Tuesday in a knife-edge vote that may hold the key to President Barack Obama’s diplomatic pivot to Asia.
The Senate vote is one of a likely series of congressional hurdles to be overcome that will hinge on the support of a handful of Democrats. The White House has launched a campaign blitz directed at them in support of granting the president authority to speed trade deals through Congress.
WASHINGTON, May 6 (Reuters) – President Barack Obama will
make a high-profile pitch for a Pacific trade deal he promises
will protect workers on Friday at Nike Inc, a company
once reviled for using Asian sweatshops to make its famous
In choosing the company’s Oregon headquarters as the
backdrop for his message, Obama risks reminding people of global
trade’s downside just when he needs to convince nervous
Democrats to back the 12-nation Trans-Pacific Partnership (TPP),
a key plank of the administration’s strategic pivot to Asia.
(Reuters) – U.S. Senate Republicans plan to push ahead with
legislation key to sealing a Pacific trade pact as soon as
possible, Senate Majority Leader Mitch McConnell said on
Tuesday, despite objections from the chamber’s top Democrat.
McConnell, speaking on the Senate floor, said that as soon as
the Senate finishes work on budget and Iran legislation, he will
attempt to bring up a bill to streamline the passage of trade
deals through Congress.
WASHINGTON, April 30 (Reuters) – A key U.S. lawmaker said on
Thursday he is optimistic Congress will approve legislation
central to a Pacific trade pact even though the top Democrat in
the House of Representatives said more work is needed to make
the “fast track” legislation palatable to his party.
The Republican chairman of the House Ways and Means
Committee, Paul Ryan, predicted Republicans would largely back
the bill, which would speed trade deals through Congress by
restricting lawmakers to a yes-or-no vote, without amendments.
WASHINGTON (Reuters) – China and India remain on a U.S.
priority watch list for lax rules on copyright, trade secrets
and other intellectual property rights violations in an annual
review of trading partners published by the U.S. Trade
Representative on Thursday.
Thirteen countries are on the priority watch list for 2015,
including Russia and Ukraine as well as China and India, and
another 24 are on a lower-level watch list.
(Reuters) – The chairman of the U.S. Senate committee
responsible for trade said on Wednesday he will fight to keep
lawmakers from adding tough rules against currency manipulation
to legislation meant to ease passage of a Pacific trade pact.
Orrin Hatch, the Utah Republican who heads the Senate
Finance Committee, said he wanted the “fast-track” trade
legislation to pass the full Senate in its original form. Some
lawmakers want to add currency rules and another change that
backers of the trade deal have dubbed a “poison pill”.