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US Lower House approves controversial trade bill: Senate next hurdle

Saturday, June 20th 2015 - 08:59 UTC
Full article 2 comments
Obama is a step closer to passing the Trans-Pacific Partnership, a deal between  US and 11 other nations to remove or reduce barriers to trade and foreign investment. Obama is a step closer to passing the Trans-Pacific Partnership, a deal between US and 11 other nations to remove or reduce barriers to trade and foreign investment.

The United States House of Representatives approved a controversial trade bill backed by President Obama, just a week after Democrats voted it down. The bill gives the president the right to negotiate global trade deals, with Congress only able to approve or reject a deal but not change it.

 The 'fast-track' trade bill must now go the Senate for approval, which is by no means assured. Democrats and unions believe it will lead to the loss of US jobs.

The measure, which was passed by 218-208, was amended to strip out a companion bill which aimed to provide support for American workers hurt by imports.

It takes President Obama a step closer to passing the Trans-Pacific Partnership (TPP) - a deal between the US and 11 other nations to remove or reduce barriers to trade and foreign investment.

The deal would include Japan, Malaysia, Vietnam, Singapore, Brunei, Australia, New Zealand, Canada, Mexico, Chile and Peru.

Businesses support the TPP because they argue that it would open new markets for them. Unions, on the other hand, are concerned about the effect on jobs.

Categories: Economy, Politics, United States.

Top Comments

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  • Hepatia

    This is a vote for the continuance of the decrease of the US median income.

    Jun 21st, 2015 - 04:07 am 0
  • Chicureo

    Buenos Aires, Casa Rosada
    Presidente de la Nación Argentina
    Dra. Cristina Fernández de Kirchner
    (English Translation)

    Relations between the Argentina Nation and the United Kingdom are being pushed to the worst catastrophe as the days go by due to vicious smear campaign being conducted through the imperialist media consisting of a litany of malignant lies being currently parroted my the illegal puppet so called “Acting Governor” Sandra Tyler-Haywood of the illegally held Islas Malvinas.

    Outrageous false claims of Argentina is conducting some sort of disruption and blockade of the Malvinas illegal inhabitants as well as being rightful subjects of Argentina testifies to the promotion of unwanted confrontation to hinder the eventual repatriation of the Malvinas to its rightful motherland.

    The British imperial imaginary claims are getting disintegrated beyond control and hit hard from all sides for its political crisis and subsequent social catastrophe and confusion.

    It is vexed with the daily increasing political might of Argentina, the might of single-minded unity of international relations growing stronger as the days go by.
    The group of traitors is busy conducting the above-said false propaganda in a bid to divert elsewhere the people and the world public's bitter criticism of it.

    In the grip of extreme fear and uneasiness, the regime is working hard to whip media and riff-raffs toward total confrontation with the Argentine people a foolish act of jumping into fire with a no desire to save the illegal vermin still nesting in our sacred lands. Let the dogs off hell feast on their flesh!

    The Argentine government had already made a solemn declaration that those who hurt the dignity of its supreme leadership and drive South Atlantic regional relations into the worst catastrophe would be the primary target of its punishment.

    They include the Malvinas illegal squatters whom will pay the ultimate penalty for their evil betrayal of the Argentine fatherland.

    Jun 21st, 2015 - 12:02 pm 0
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