Worthy Christian News » US News » Republican-led Congress Hands Obama Major Win on Trade
(Worthy News)-- The U.S. Congress has granted President Barack Obama and his successor a powerful tool to get trade deals approved: so-called 'fast-track' authority that shields proposed pacts from legislative meddling, Voice of America reported.
By a 60-38 vote, the Senate passed Trade Promotion Authority (TPA) late Wednesday, a measure that boosts prospects for two of the biggest trade deals in U.S. history. Under TPA, the Transatlantic Trade and Investment Partnership and the Trans-Pacific Partnership would be approved with simple-majority congressional votes. Lawmakers could not amend either accord.
Having been approved by both houses of Congress, TPA goes to the White House for President Obama's signature less than two weeks after backers fretted it would die on Capitol Hill. The House of Representatives initially blocked trade legislation by voting down a retraining bill for workers displaced by foreign competition. --Source