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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.

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  • (Score: 3, Insightful) by DeathMonkey on Wednesday June 24 2015, @05:51PM

    by DeathMonkey (1380) on Wednesday June 24 2015, @05:51PM (#200493) Journal

    This is primarily a tech news site, and it's generally good to avoid political news, but...
     
    I prefer a well-rounded news site to a tech news site.

    Starting Score:    1  point
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  • (Score: 5, Funny) by wonkey_monkey on Wednesday June 24 2015, @07:05PM

    by wonkey_monkey (279) on Wednesday June 24 2015, @07:05PM (#200530) Homepage

    I prefer a well-rounded news site

    Well that'd just be inviting a lawsuit from Apple.

    --
    systemd is Roko's Basilisk

    • (Score: 0) by Anonymous Coward on Thursday June 25 2015, @01:02PM

      by Anonymous Coward on Thursday June 25 2015, @01:02PM (#200919)

      Yes, round the straight edges, not the corners, that should be enough to side step that crap