'Fast Track' Trade Authority Fails Test Vote In Senate

MarketWatch Pulse

A bill to give presidents so-called fast track trade authority failed a test vote in the Senate on Tuesday. President Barack Obama is seeking fast track authority to speed passage of trade deals like the Trans-Pacific Partnership through Congress. But many Democrats are bucking Obama on the legislation, arguing it will hurt U.S. workers and businesses. A procedural vote on the fast track bill got 52 yes votes, short of the 60 needed to advance. Forty-five senators voted no.

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