Headline Roundup • April 16th, 2015
Trans-Pacific Partnership Trade Deal
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Top congressional Republicans and Democrats say they've reached a deal to allow President Obama to negotiate trade deals subject to an up-or-down vote from Congress.
The "fast-track" legislation comes as Obama seeks a sweeping trade deal with 11 Pacific nations. It would renew presidential authority to present trade deals that Congress can endorse or reject, but not amend.
The Trans-Pacific Partnership proposes a trade agreement involving the United States, Japan, Vietnam, Canada, Mexico and seven other Pacific-rim nations.
The debate scrambles traditional partisan alliances.
Wall Street Journal (News)
Lawmakers introduced fast-track trade legislation into the House and Senate Thursday that could pave the way for President Barack Obama to conclude a major agreement with 11 nations around the Pacific.
The bill, the result of a compromise between Republicans and Democrats on the Senate Finance Committee, is expected to escalate an already-bitter fight with some Democrats and labor unions over what could become a key part of Mr. Obama’s legacy. The committee is expected to vote on the plan next week.
New York Times (News)
The leaders of Congress’s tax-writing committees reached agreement Thursday on legislation to give President Obama “fast track” authority to negotiate an ambitious trade accord with 11 other Pacific nations, beginning what is sure to be one of the toughest legislative battles of his last 19 months in office.
The “trade promotion authority” bill — likely to be unveiled Thursday afternoon — would give Congress the power to vote on the Trans-Pacific Partnership once it is completed, but would deny lawmakers the chance to amend what would be the largest trade...
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