The Senate’s trade war lasted just about a day.
After Democrats engineered a stunning defeat of President Barack Obama’s push for new trade deals on Tuesday, negotiators hashed out a compromise that offered both parties a way to save face without scuttling the administration’s trade agenda. At the least, the agreement means the Senate is likely to pass new powers for the president to fast-track trade pacts through Congress.
But Democrats failed to guarantee enactment of their priorities by attaching them to the fast-track bill. Instead, Democratic measures that would crack down on currency manipulators and expand trade with Africa will get stand-alone votes on Thursday. The currency provisions, in particular, face an uncertain future in the House even if they pass the Senate and are unlikely to become law.
Further reading: Obama vs Warren trade spat turns personal
Commentary by The Secular Jurist: Spineless Dems show their yellow streak once again.