Wednesday, May 13, 2015

U.S. Senate rejects Barack Obama's request for fast-track on the Trans Pacific Partnership

In a rare rebuke of a key priority of President Barack Obama's, Democrats in the U.S. Senate today rejected a measure that would have given his administration additional authority to negotiate a wide-reaching trade bill with Pacific Rim nations.

For weeks, opponents of giving the Obama administration the Trade Promotion Authority (TPA) it sought to fast-track the Trans-Pacific Partnership argued that Congress should not surrender the leverage it has to insist on currency, worker and environmental protections being part of the deal.

(Detroit Free Press)

JG: Why is the treaty text not published yet? What is Barack Obama trying to hide?

It appears that Barack Obama is trying to favor his main constituency: huge trans-national capitalist corporations. 

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