Stories
Slash Boxes
Comments

SoylentNews is people

Trans-Pacific Partnership Fast Track Approval Passes US Senate

posted by cmn32480 on Wednesday June 24 2015, @05:39PM   Printer-friendly
from the pass-it-to-know-what-is-in-it dept.

Phoenix666 writes:

The BBC reports:

Legislation key to US President Barack Obama's trade agenda has passed a key hurdle in the Senate, just two weeks after it appeared to have failed.

The bill known as the Trade Promotion Authority (TPA) or, more commonly, Fast Track, makes it easier for presidents to negotiate trade deals.

Supporters see it as critical to the success of a 12-nation trade deal known as the Trans-Pacific Partnership (TPP).

The bill is expected to pass a final vote in the Senate on Wednesday.

Tuesday's 60-37 vote - just barely meeting the required 60 vote threshold - is the result of the combined efforts of the White House and many congressional Republicans to push the bill through Congress, despite the opposition of many Democrats.

This is primarily a tech news site, and it's generally good to avoid political news, but the TPP is a huge trade deal, negotiated in secret, that will have large ramifications for the world economy that affects us all, and that also has large implications for the accountability of major world governments to their citizens.

Original Submission

 
This discussion has been archived. No new comments can be posted.
Trans-Pacific Partnership Fast Track Approval Passes US Senate | Log In/Create an Account | Top | 47 comments | Search Discussion
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.

  • (Score: 2) by kaszz on Wednesday June 24 2015, @05:46PM

    by kaszz (4211) on Wednesday June 24 2015, @05:46PM (#200488) Journal

    This shit is bad news as it will allow corporations to go on a global rampage unimpeded. It will be up to citizens to put an end to it.

    Starting Score:    1  point
    Karma-Bonus Modifier   +1  
    Total Score:   2  

  • (Score: 3, Interesting) by bob_super on Wednesday June 24 2015, @06:08PM

    by bob_super (1357) on Wednesday June 24 2015, @06:08PM (#200505)

    At least, on the other treaty being secretly negotiated with Europe, the people on the other side of the pond are starting to put some serious pressure on their governments... So we may not get shafted from both ends.

    • (Score: 3, Insightful) by Freeman on Wednesday June 24 2015, @06:30PM

      by Freeman (732) on Wednesday June 24 2015, @06:30PM (#200514) Journal

      Yay...., I'm in the USA. So, I'll still get shafted . . .

      --
      Joshua 1:9 "Be strong and of a good courage; be not afraid, neither be thou dismayed: for the Lord thy God is with thee"

      • (Score: 2) by Gaaark on Wednesday June 24 2015, @10:02PM

        by Gaaark (41) on Wednesday June 24 2015, @10:02PM (#200626) Journal

        Shaft-ed is a bad mother (Shut your mouth)

        --
        --- Please remind me if I haven't been civil to you: I'm channeling MDC. ---Gaaark 2.0 ---

      • (Score: 3, Insightful) by kaszz on Thursday June 25 2015, @12:16AM

        by kaszz (4211) on Thursday June 25 2015, @12:16AM (#200680) Journal

        The shaft root is the USA.. (I guess)

        But for a deal to make it. Both parties must agree..