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House and Senate Are Near Deal to Speed Trade Pact
Reuters: Negotiators from the House and Senate are nearing an agreement that would “fast-track” the sweeping trade deal the Obama administration is negotiating with a dozen Pacific nations, officials said Thursday.
Such fast-track authority is generally considered a prerequisite for achieving a major trade pact, as it would ensure that the package cannot be filibustered or subject to amendment by Congress, giving confidence to the foreign partners negotiating with the United States that any deal they agree to will stick.
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