China’s indication Friday it will loosen its long-time peg to the dollar and instead target a basket of currencies on the eve of an expected U.S. Federal Reserve rate increase is likely no coincidence. [ by Ian Talley | December 11, 2015 | Wall Street Journal ] The Fed’s anticipated move next week and…
Rep. Dave Reichert (R-WA), the chairman of the House Ways & Means trade subcommittee, warned Thursday (Dec. 3) that securing congressional passage of the Trans-Pacific Partnership (TPP) agreement will be more difficult than the winning approval of the fast-track bill in June, in part because at the moment roughly 15 House Republicans who voted…
NAIROBI, Kenya — U.S. Trade Representative Michael Froman has warned that the World Trade Organization may slip into irrelevance as a negotiating forum unless members use the conference in Kenya this week to free themselves from the “strictures” of the Doha round and embrace a more “pragmatic” approach to both new and old trade…
Senate Majority Leader Mitch McConnell (R-Ky.) on Thursday crushed any hope that Congress could pass a sweeping Pacific Rim trade agreement before the 2016 elections. [Reposted from The Hill | Vicki Needham | December 10, 2015] McConnell, who has expressed concerns about the 12-nation Trans-Pacific Partnership (TPP) and has yet to take a stance, said…
FOR IMMEDIATE RELEASE December 11, 2015 Contact: Paola Masman, Media Director 202-688-5145, [email protected] Washington, DC- Senate Majority Leader Mitch McConnell (R-KY) announced yesterday that the Trans-Pacific Partnership (TPP) should not be sent to Congress until after the 2016 elections. He emphasized that the deal would be defeated if it was sent to the floor spring or…
Senate Majority Leader Mitch McConnell (R-Ky.) dealt a significant blow to President Obama’s global trade agenda Thursday, declaring that a sweeping pact with 11 Pacific Rim nations should not be sent to Congress for approval until after the 2016 elections — and maybe not until after Obama leaves office. [ by Paul Kane…
FOR IMMEDIATE RELEASE December 10, 2015 Contact: Paola Masman, Media Director 202-688-5145, [email protected] Washington, DC- The Pew Research Center has released a report that shows how America’s middle class is no longer the majority. The middle class currently stands at 49.9% in comparison to 61% in 1971. Modern trade agreements have caused this middle class decline. Income…
Both sides want to resolve the investor court issue without reopening the deal. Canada’s new government is pushing the EU to move faster on a delayed trade deal, including a potential compromise on the key sticking point holding the deal up. [ by Hans von der Burchard | December 9, 2015 | Politico ]…
This should be a no-brainer: As much as possible, every dollar our federal government spends should help support American jobs and bolster the American economy. But that’s not happening to the extent that it can – and should. [Reposted from the Campaign for America’s Future blog | Isaiah Poole | December 10, 2015] Economist Robert…
Contact: Dan Crawford or Susan Balding, [email protected], 202-775-8810 Washington, DC | Dec 8, 2015 | Economic Policy Institute Between 2001 and 2013 the Walmart-based trade deficit with China eliminated or displaced more than 400,000 U.S. jobs, according to a new paper from EPI Director of Trade and Manufacturing Research Robert E. Scott. In…