Senate Leaders Reach Deal on ‘Fast Track’ Powers

Senate leaders reached an agreement to revive a bill that would provide fast-track trade-negotiation powers to President Obama, “one day after the chamber’s Democrats blocked the measure in a stinging defeat for the administration,” the Wall Street Journal reports.

New York Times: “Under the deal, the Senate would vote first on a trade enforcement bill that includes new remedies to counter currency manipulation by trading partners. The Senate would then begin debate on trade promotion authority, which would allow the Obama administration to complete negotiations on the 12-nation Trans-Pacific Partnership, knowing Congress can accept or reject the accord, but would not be able to amend it.”