Thursday, July 2, 2015

Obamatrade Advances, Should Be On Obama’s Desk By Friday

The Senate advanced Obamatrade, and according to The Hill Mitch McConnell is hoping to have it on President Obama’s desk by this Friday.

The Senate on Tuesday voted to advance President Obama's trade agenda, approving a measure to end debate on fast-track authority.

The 60-37 motion sets up a vote on final passage on Wednesday. If the Senate approves fast-track or trade promotion authority (TPA), it would then be sent to Obama's desk to become law.

Fast-track authority would allow Obama to send trade deals to Congress for up-or-down votes. The White House wants the authority to conclude negotiations on a sweeping trans-Pacific trade deal.

Thirteen Democrats backed fast-track in Tuesday's vote, handing Senate Majority Leader Mitch McConnell (R-Ky.) a major legislative victory. Sen. Ben Cardin (D-Md.) voted against the procedural motion. […]

To move fast-track forward, the White House and GOP leaders in both chambers decided to break TAA away from fast-track and to try to approve both in separate votes.

After the Senate votes Wednesday on final passage for fast-track, it will take a procedural vote on a package that includes TAA and trade preferences for African countries known as the African Growth and Opportunity Act (AGOA).

McConnell has promised both bills will reach Obama's desk by the end of the week. (Read More)

In related news, Senator Ted Cruz has withdrawn his support for Obamatrade, saying that it’s enmeshed in corrupt backroom dealing. (Note, the link to Cruz’s article has auto-play video.)

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