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Trans Pacific Partnership

Zach Carter

Top Democrat Pushes Back On Expanding Obama's Trade Powers

HuffingtonPost.com | Zach Carter | Posted 02.20.2015 | Politics

WASHINGTON -- The biggest economic policy fight of 2015 is creating serious headaches for congressional Democrats, and particularly Sen. Ron Wyden (D-...

Taking On Currency Manipulation: Worse Late Than Never

Jerry Jasinowski | Posted 02.20.2015 | Business
Jerry Jasinowski

The critical reason that Congress should take a pass on this much-too-late effort to address currency manipulation is that it would likely abort our chance for a really beneficial free-trade agreement with Pacific Rim nations, which would bring us must better access to many growing markets. If there were a good time to do this, it was many years ago.

Dana Liebelson

Secretive Trade Deal Could Pose Problems At Home For Senate Democrat

HuffingtonPost.com | Dana Liebelson | Posted 02.19.2015 | Politics

WASHINGTON -- Sen. Ron Wyden (Ore.) is a key Democrat whom Republicans want on their side in their quest to grant President Barack Obama the authority...

House Dem: Trade Rep Said "Non-Negotiable" Climate Provisions Are Negotiable

Lauren Windsor | Posted 02.18.2015 | Politics
Lauren Windsor

One of the few areas of common ground with Republicans and thus one of the few opportunities remaining to burnish his legacy in the waning days of his administration, the Trans Pacific Partnership is a major legislative priority for President Obama. But it's one fraught with land mines.

How Trade Deals Boost the Top 1% and Bust the Rest

Robert Reich | Posted 02.16.2015 | Politics
Robert Reich

I've seen first-hand how effective Wall Street and big corporations are at wielding influence. Global deals like the Trans Pacific Partnership will boost the profits of Wall Street and big corporations, and make the richest 1 percent even richer. But they'll bust the rest of America.

No, Negotiating a Currency Chapter in the TPP Will Not Cause a Trade War or Cost Us Jobs

Jared Bernstein | Posted 02.16.2015 | Politics
Jared Bernstein

Stop the foolishness and talk to us like grownups. There will be no "trade war" if we pursue a currency chapter in the TPP. There will be a lot of arguing and negotiating about what technically constitutes currency manipulation to gain an edge in trade. It could blow up the deal, and Secretary Lew, Rep. Ryan, and others should explain to us and to members of Congress why that's a more costly outcome to American workers and businesses than continuing to live with labor demand-draining trade deficits. If they can do so, then let's have a TPP. If they can neither make a convincing case based on facts, not war-mongering and fear tactics, nor can they offer a convincing alternative for legislative actions outside of the TPP against currency manipulation, then they must either negotiate a currency chapter or accept defeat.

Dana Liebelson

Democrat Says Obama Administration Dodging Request To Read Trade Deals Without Restrictions

HuffingtonPost.com | Dana Liebelson | Posted 02.16.2015 | Politics

WASHINGTON -- A Democratic congressman has accused the Obama administration of dodging his request for "unimpeded" access to two controversial trade a...

Will the United States End Up Like Greece? The Risks of the Trans-Pacific Partnership

Dean Baker | Posted 02.09.2015 | Business
Dean Baker

For years people have been running around Washington yelling that the United States was at risk of becoming Greece. There may actually be a basis for such concerns, but not for the reason usually given.

Trade Must Not Trump Women's Human Rights

Eleanor Smeal | Posted 02.09.2015 | Politics
Eleanor Smeal

Any deal that forces women and human rights to take a backseat to profit and trade should be a non-starter. But right now, the United States is negotiating the Trans-Pacific Partnership (TPP) free trade agreement with 11 nations including Brunei, a country that recently adopted a vicious new penal code threatening the rights and lives of women, lesbians, and gay men.

Enormous, Humongous Trade Deficits Widen, Further Exposing Failed Policy

Dave Johnson | Posted 02.11.2015 | Business
Dave Johnson

In December the trade deficit in goods and services made its largest percentage jump in more than five years and the 2014 yearly total is its highest since 2012 -- which begs the question: Why is the Obama administration doubling down on the failed trade policies of its predecessors?

The Need to Address Currency Manipulation in TPP, and Why U.S. Monetary Policy Is Not at Risk

Rep. Sandy Levin | Posted 02.06.2015 | Politics
Rep. Sandy Levin

The IMF Guidelines demonstrate that the United States is not manipulating its currency and would not be at risk of losing a dispute. The far greater risk is that more middle class jobs will be lost in the United States as a result of foreign governments' currency manipulation. We need strong and enforceable disciplines in TPP to help prevent that from happening.

Zach Carter

Here's The Biggest Problem With Obama's New Trade Push

HuffingtonPost.com | Zach Carter | Posted 02.05.2015 | Politics

WASHINGTON -- In trying to win support for a controversial new trade pact in Asia, President Barack Obama has been offering one major reason why the d...

Fast Tracking Obama's Trade Agreements

Pat Choate | Posted 02.02.2015 | Politics
Pat Choate

Why do Majority Leader McConnell and Speaker Boehner -- who won reelection on a platform of "Stop Obama" -- support weakening Senate and House legislative processes to ratify a treaty whose text was negotiated without Congressional input?

The Worst Trade Deal You've Never Heard Of

Robert Reich | Posted 01.31.2015 | Politics
Robert Reich

The Trans-Pacific Partnership, now headed to Congress, is a product of big corporations and Wall Street, seeking to circumvent regulations protecting workers, consumers, and the environment.

Let's Take Apart the Corporate Case for Fast Track Trade Authority

Dave Johnson | Posted 01.30.2015 | Business
Dave Johnson

U.S. Trade Representative (USTR) Michael Froman appeared before Congress Tuesday to make the corporate argument for "fast track" trade promotion authority.

Nancy Pelosi Hopes To Push Obama Trade Agenda While Meeting Democratic Concerns

Reuters | Posted 03.30.2015 | Politics

PHILADELPHIA, Jan 28 (Reuters) - U.S. House Democratic leader Nancy Pelosi said on Wednesday she would like to find a way to grant the Obama adminis...

Zach Carter

Republicans Defend Obama's Trade Pact While Pressing To Deregulate Banks

HuffingtonPost.com | Zach Carter | Posted 01.27.2015 | Politics

WASHINGTON -- Senate Republicans on Tuesday offered to help President Barack Obama pass a sweeping trade package, while pressing for measures to dereg...

Dana Liebelson

Key Democrat Offers Obama Hope On Fast Track Authority For Secretive Trade Deals

HuffingtonPost.com | Dana Liebelson | Posted 01.23.2015 | Politics

WASHINGTON -- One of the most powerful House Democrats on trade offered a ray of hope to President Barack Obama on Thursday, seeking to draw attention...

What Obama Got Wrong in His State of the Union Remarks on Trade

Dave Johnson | Posted 03.24.2015 | Business
Dave Johnson

The president briefly spoke about trade in his state of the union speech. He admitted that "past trade deals haven't always lived up to the hype," but then he called for doing more of the same.

Jennifer Bendery

Democrats Warn Obama They Don't Have His Back On Trade Plans

HuffingtonPost.com | Jennifer Bendery | Posted 01.22.2015 | Politics

WASHINGTON -- With President Barack Obama declaring on Tuesday his intentions to push for legislation giving him authority to move forward unilaterall...

Zach Carter

Environmentalists Reject Obama's Call For Expanded Trade Powers

HuffingtonPost.com | Zach Carter | Posted 01.21.2015 | Politics

WASHINGTON -- Nearly 50 environmentalist organizations sent a letter Wednesday to every member of Congress, urging them to oppose granting President B...

SOTU Schizophrenia: Middle-Class Jobs vs. Fast Track and TPP

Lori Wallach | Posted 03.22.2015 | Politics
Lori Wallach

Either Obama will be the president whose initiatives to address income inequality and wage stagnation helped rebuild America's middle class, or he will prioritize a trade agenda that will offshore more good-paying jobs, destroy what is left of the American manufacturing sector, increase income inequality and speed the demise of America's middle class.

Not So Fast, Congress

Leo W. Gerard | Posted 03.21.2015 | Politics
Leo W. Gerard

Instead of the plodding turtle he's normally satirized as, Senate Majority Leader Mitch McConnell is all cat-on-a-hot-tin-roof about Trade Promotion Authority, better known as Fast Track.

Selectively Catholic? Climate Change, Social Justice & the Pope

Jacob Devaney | Posted 03.18.2015 | Religion
Jacob Devaney

Is it possible to be selectively Catholic? Some lawmakers seem to think so. The First Amendment to the Constitution of the United States guarantees the separation of church and state yet that does not stop elected officials from bringing their faith to office.

What You Need to Know When Obama Talks Trade

Dave Johnson | Posted 03.17.2015 | Business
Dave Johnson

President Obama is likely to use the State of the Union to push for passage of the Trans-Pacific Partnership (TPP) and the rigged "fast track" trade promotion authority. Here are some facts to counter the expected public relations campaign.