US House of Reps grants Obama power to negotiate trade deals


President Barack ObamaREUTERS/Kevin Lamarque
The United States House of Representatives on Thursday approved a bill granting President Barack Obama wide-ranging authority to negotiate trade deals.
The 218-208 vote on so-called fast track trade authority came as part of an agreement among lawmakers to revive Obama’s trade agenda, after part of his trade package failed to pass the lower chamber of Congress last week.
The vote should clear the way for completion of trade deals under negotiation with Pacific Rim countries and the European Union.
The House on Friday had passed the same measure, also known as Trade Promotion Authority (TPA), but had failed to …Read More

Source:: PM Newspaper