Obama trade deal resurrected

The Senate has reached a compromise, and we are back on track after the trade bill was blocked from coming to debate earlier this week.

From The Guardian:

Under the agreement, the Senate will hold a series of votes on Thursday on three separate trade measures: two standalone votes on bills that reflect Democrats’ priorities, including one that would crack down on Chinese currency manipulation, and then another vote on a bill that would give Obama so-called “fast-track” negotiating authority.

The fast-track bill, known as Trade Promotion Authority, allows the president to sign a trade agreement without congressional approval. Congress would then have 90 days to approve or reject a trade pact, but would be unable to amend it.

If you’re still confused, watch this video that explains TPP and TPA nicely.


[Guardian] [CNN]