The Traderszone Network

Published in TZ Latest News 21 May, 2015 by The TZ Newswire Staff

Fast-track legislation passes Senate hurdle in win for Obama

President Barack Obama’s signature Asian trade push cleared another hurdle in the U.S. Senate on Thursday after a knife-edge vote moved the White House closer to gaining the power to speed trade deals through Congress. Senators voted 62-38 to give Obama a major victory and set up a speedy decision on the “fast-track” trade negotiating authority the president needs to complete the Trans-Pacific Partnership (TPP) trade deal.