DEMOCRAT SCHISM ON TRADE - FRAN SMITH
Openmarket.org: Schism among Democrats On “Fast Track” to Trade
The trade debate is heating up in the wake of President Obama’s nod to trade in his State of the Union address, the introduction this month of a Trade Promotion Authority (TPA) bill, and the on-going negotiation on two major trade deals.
A major schism among Democrats on trade broke out January 29, when Senate Majority Leader Harry Reid, D-Nev., said in an interview that he was against TPA, commonly known as “fast-track” legislation, which gives the president authority to negotiate trade agreements that are then voted on by Congress without amendments.
Reid’s opposition is in contrast to President Obama’s endorsement of fast-track authority in his State of the Union address earlier this week.
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