U.S. Senate Reaches Treasonous Trade Deal

Posted: May 13, 2015 in Economics

Republican and Democratic lawmakers Wednesday struck a deal to move forward on a trade package that would give President Obama expedited powers to enact international trade deals.

The accord comes a day after Democrats handed President Obama a stunning defeat on the “Fast Track” trade bill by voting nearly unanimously to block it on the Senate floor.

Under the agreement outlined Wednesday by Sen. Majority Leader Mitch McConnell, R-Ky., the Senate will hold votes on a trade enforcement bill as well as legislation extending an African trade agreement.

Then it will take up a bill that combines the “Fast Track” trade authority with the Trade Adjustment Act, which provides aid to workers who lose jobs as a result of increased imports.

Republican leaders say the terms adhere to a bipartisan deal the Senate Finance Committee struck last week.

“The agreement we have entered into is consistent with the understanding with which these bills came out of [committee],” McConnell said in an interview as he left the Senate chamber.

Full Story @ [Washington Examiner]

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