The Senate made it official on Wednesday, granting President Barack Obama the power to streamline passage of major trade pacts with Pacific Rim nations and the European Union by a vote of 60 to 38.
The Fast Track trade authority package was rejected Friday because two years of effort by a vast corporate coalition, the White House and GOP leaders -- and weeks of deals swapped for yes votes -- could not assuage a majority in the House of Representatives facing constituents' concerns that more of the same trade policy would kill more jobs, push down wages and open a Pandora's box of other damaging consequences.
The Fast Track package sent over from the Senate was rejected today by the House because two years of effort by a vast corporate coalition, the White House and GOP leaders – and weeks of procedural gimmicks and deals swapped for yes votes –could not assuage Americans’ concerns that more of the same trade policy would kill more jobs and push down our wages.
Hours before one of the most consequential votes of President Barack Obama’s second term — whether to give him fast-track trade powers to clinch a sprawling Pacific Rim trade deal — Democrats and Republicans have no idea whether the votes are there to pass it.