WASHINGTON (Reuters) – U.S. lawmakers narrowly approved legislation key to securing a hallmark Pacific trade deal on Thursday, partly reversing a defeat less than a week before, in a boost to President Barack Obama’s goal of strengthening U.S. economic ties with Asia.
The House of Representatives voted 218 to 208 to give the White House authority to close trade deals such as the 12-nation Trans-Pacific Partnership (TPP), which encompasses 40 percent of the global economy and is close to completion.
WASHINGTON (Reuters) – Republicans in the U.S. House of Representatives will try to revive legislation central to President Barack Obama’s Pacific Rim trade deal on Thursday by offering up a simpler version of a bill that failed dramatically last week.
The move represents a rapid course correction by Republican leaders and Obama, who both favor the proposed Trans-Pacific Partnership (TPP) agreement, a keystone of the president’s push to strengthen American ties with Asia.
WASHINGTON (Reuters) – The U.S. House of Representatives might try again on Thursday to advance legislation granting President Barack Obama “fast track” trade negotiating authority, House Majority Leader Kevin McCarthy told Reuters on Wednesday.
In a brief hallway interview, McCarthy would not provide specifics, but said it “could be possible” the controversial trade legislation would be on the House floor on Thursday.
WASHINGTON (Reuters) – Hopes of reviving the White House’s drive for a Pacific trade pact looked increasingly uncertain on Monday as no clear path forward for it in Congress emerged and presidential contender Hillary Clinton said her fellow Democrats’ concerns with the pact were legitimate.
House of Representatives Majority Leader Kevin McCarthy said key legislation for the Trans-Pacific Partnership (TPP) trade agreement only needed to be handled by the end of summer, with no date nailed down for further action in Congress.
WASHINGTON (Reuters) – A raging battle over President Barack Obama’s request for “fast-track” authority central to improving U.S. ties with Asia resumes in the House of Representatives next week when lawmakers are expected to try to reverse Friday’s defeat of linchpin trade legislation.
House Democrats disregarded Obama’s personal pleas and teamed up with Republicans, for different reasons, to overwhelmingly defeat a program that helps American workers who lose their jobs as a result of trade deals.
WASHINGTON, June 12 (Reuters) – President Barack Obama’s
goal of strengthening U.S. economic ties with Asia will hang in
the balance in Congress on Friday when divided lawmakers vote on
legislation central to his hallmark Pacific Rim trade deal.
The Trans-Pacific Partnership (TPP), Obama’s 12-nation pact,
encompasses 40 percent of the global economy and is close to
completion. It would be greatly advanced if Congress gives him
“fast track” authority for it.
WASHINGTON (Reuters) – President Barack Obama’s quest for “fast-track” negotiating authority on a Pacific Rim trade deal passed its first test in the House of Representatives on Thursday, with another day of voting to come on a contentious package of bills.
By a vote of 397-32, the House approved a measure authorizing funds to help workers who lose their jobs as a result of trade deals, without cutting Medicare health benefits for the elderly to pay for it, as the Senate had proposed.
WASHINGTON (Reuters) – The U.S. House of Representatives on Thursday will debate a package of bills central to President Barack Obama’s push for a Pacific Rim trade pact, with considerable doubt still lingering about the outcome expected by week’s end.
The core of the debate is a bill, already approved by the Senate, that would give Obama “fast-track” trade negotiating authority. He says he needs this to promptly conclude a 12-nation Trans-Pacific Partnership (TPP) trade deal.
WASHINGTON (Reuters) – U.S. Republicans aim to hold a vote on Friday on legislation key to President Barack Obama’s signature Pacific trade pact after reaching a deal with Democrats on funding to help workers who lose their jobs due to trade deals.
House of Representatives Speaker John Boehner urged both parties to back legislation to streamline the passage of trade deals through Congress in a vote his office confirmed would be this week.
WASHINGTON, June 9 (Reuters) – Top U.S. tech companies are
warning the Obama administration against imposing new policies
that the companies say would weaken increasingly sophisticated
encryption systems designed to protect consumers’ privacy.
In a strongly worded letter to President Barack Obama on
Monday, two industry associations representing major software
and hardware companies said, “We are opposed to any policy
actions or measures that would undermine encryption as an
available and effective tool.”