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Tuesday, December 22, 2015

TPP Tops Obama’s 2016 Agenda

The White House has placed passing the Trans-Pacific Partnership through Congress at the top of the Presidents 2016 agenda. President Obama expressed optimism that Congress can approve the trade pact, despite contrasting opinions on when a vote may occur. The President called the TPP “a big deal” and acknowledged that opponents in both parties make for “an interesting situation,” according to The Hill.  He said the White House will need to "stitch together the same kind of bipartisan effort" that helped his administration win a fight over fast-track trade authority. Senate Majority Leader Mitch McConnell indicated this month a vote does not seem likely to occur until after the November 2016 elections. However, House Speaker Paul Ryan said he wants to take a vote as soon as possible on the trade agreement if the pact lives up to the promises made by the White House. He said he does not have a date in mind but that the TPP is “very important” and "has a lot of promise” because it gives the United States the ability to write the rules of global trade in the fastest growing region in the world.