| Title | Trans-Pacific Partnership Fast Track Approval Passes US Senate | |
| Date | Wednesday June 24 2015, @05:39PM | |
| Author | cmn32480 | |
| Topic | ||
| from the pass-it-to-know-what-is-in-it dept. | ||
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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printed from SoylentNews, Trans-Pacific Partnership Fast Track Approval Passes US Senate on 2023-06-05 02:01:01