Friday, June 12, 2015

House Votes No on Trade Deal

President Obama and the corporate interests behind the push for a new Trans-Pacific Trade Deal suffered a major defeat today when the House of Representatives failed to pass a high profile trade bill. Democrats voted to reject a key part of the legislation, meaning the entire measure can't advance to the White House. The White House and Republicans who back fast-track legislation described today's defeat as a temporary setback. Labor unions, consumer, and environmental groups had lobbied furiously to defeat the measure and they claimed victory.