House Rejects Obama’s Trade Bill

By Markets FOXBusiness

Breaking news from Washington: A big failure as the House of Representatives voted to kill a key component of President Obama’s Trans-Pacific Partnership trade deal on Friday. While most Republicans liked the deal, many Democrats did not. The White House called it a legislative procedural snag, and believes the deal is not dead. House leaders plan to vote again early next week.

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Meanwhile, the three major U.S. indices ended the last trading session of the week in the red.

For the week, both the Dow and S&P ended in the green-- only the Nasdaq closed in the red.

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