President Obama is thankful the trade deal has passed the Senate. And he wants the House to "follow suit."
"Today’s bipartisan Senate vote is an important step toward ensuring the United States can negotiate and enforce strong, high-standards trade agreements. If done right, these agreements are vital to expanding opportunities for the middle class, leveling the playing field for American workers, and establishing rules for the global economy that help our businesses grow and hire by selling goods Made in America to the rest of the world," says President Obama in a statement released tonight by the White House.
"This Trade Promotion Authority (TPA) legislation includes strong standards that will advance workers’ rights, protect the environment, promote a free and open Internet, and it supports new robust measures to address unfair currency practices. The legislation also includes an important extension of Trade Adjustment Assistance (TAA) to help all American workers participate in the global economy.
"I want to thank Senators of both parties for sticking up for American workers by supporting smart trade and strong enforcement, and I encourage the House of Representatives to follow suit by passing TPA and TAA as soon as possible."
Speaker of the House John Boehner is praising the Senate's passage of the trade bill and calling on Democrats to join with Republicans to pass the law in the House.
“Trade helps create good-paying American jobs, so it’s good news that the Senate has put us one step closer to eliminating trade barriers. These reforms have the support of farmers, manufacturers, small business owners, and Americans from all walks of life, and it’s not hard to figure out why," Boehner says in a statement.
President Obama wants Congress to send the trade bill to his desk. Right away.
"I have made rigorous trade enforcement a central pillar of U.S. trade policy, and we have moved aggressively to protect American workers and to improve labor laws and working conditions with trading partners across the globe," Obama says in a statement to the press.
Senate majority leader Mitch McConnell told ABC's George Stephanopoulos that President Obama "has done an excellent job" on the trade bill. "We'll pass it later this week," McConnell assured Stephanopoulos .
President Obama is trying to rally his supporters around his trade bill. But, as the email subject line suggests, he understands there are many critics of the bill: "I understand the skepticism about this."
"I want to set the record straight," the president of the United States writes.
"Right now, we have an opportunity to set the most progressive trade agreement in our nation's history -- with enforceable labor and environmental protections we simply can't count on other nations to pursue.
Alabama senator Jeff Sessions, a Republican, has written a letter to President Barack Obama regarding the request that Congress "fast-track" legislation on Trade Promotion Authority. Sessions says he has a number of questions Congress should expect answers to before the body agrees to "yield its institutional powers." Read the full letter below:
Most of the time the International Trade Commission makes the news -- in these pages, at least -- it’s because of its enforcement of anti-dumping rules that do little but boost the price of items such as steel and sugar for U.S. consumers.
After China supplanted Japan in 2011 as the world’s second-largest economy, some China scholars, as well as pundits and economists, began forecasting when it would supplant the United States as the largest. Extrapolating China’s remarkable 9-10 percent average annual growth in the prior three decades, these forecasters placed the GDP crossover in 2020. When China experienced a slowdown to 7-8 percent growth in 2012-2014, the crossover was deferred to 2024-2025.
The right and left are moving towards each other, in a sort of pincers movement designed to destroy the army of free traders pressing Congress to give President Obama what is known as fast-track authority. That would permit him to put any trade deals he negotiates with eleven Pacific Rim countries (the Trans-Pacific Partnership, or TPP) and the EU (the Transatlantic Trade and Investment Partnership, or TTIP) to Congress on a take-it-or-leave-it basis.