TPP | Pacific trade pact moves step nearer after Senate vote

Pacific trade pact moves step nearer after Senate vote

June 23, 2015 12:39 PM (UTC+8)

 

(From Reuters)

President Barack Obama’s Pacific Rim trade pact moved closer to a final U.S. Congress vote, with lawmakers agreeing on Tuesday to limit debate on legislation that would grant Obama authority to speed trade deals through Congress.

A Senate vote on the legislation, known as fast-track negotiating power, was expected on Wednesday. Approval at that stage would send the bill to Obama for review. The debate-limiting motion was approved 60-37.

“Today is a very big vote. It’s an important moment for the country,” said Senate Majority Leader Mitch McConnell, the chamber’s top Republican, in urging support for Obama’s trade agenda. Read more

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