'Fast Track' Trade Bill Clears Senate Hurdle

By MarketWatch Pulse

A bill to give President Barack Obama "fast track" trade authority cleared a procedural hurdle in the Senate on Tuesday, paving the way for a final vote. Obama is seeking fast track to complete a 12-nation Pacific trade deal. Fast track would allow Obama to send the proposed Trans-Pacific Partnership to Congress for an up-or-down vote, without amendments. The bill got 60 "yes" votes, the number needed to advance. The bill has passed the House last week.

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