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The Liberty Lounge Political Forums - Political News


FeedRank: 3/10  3/10  Fair  ---  www.libertylounge.net
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Monday, May 12, 2008 --- 73 days ago
Reuters - A senior Republican senator said on Monday he was optimistic a deal could be reached with Democrats that would lead to congressional approval of a free trade agreement with Colombia before the November U.S. elections. Sen. Charles Grassley, an Iowa Republican, said he hoped to strike a deal soon with Senate Finance Committee Chairman Max Baucus, a Montana Democrat, to reform and expand the federal program that provides retraining and extended unemployment benefits for workers who have lost their jobs because of foreign trade competition. Grassley said he believed a deal on Trade Adjustment Assistance, or TAA, would be enough to clear the way for a vote in the House of Representatives on the trade agreement with Colombia. However, House Speaker Nancy Pelosi has called for Congress to approve a second economic stimulus package before lawmakers vote on the Colombia pact. The fate of the Colombia agreement has been up in the air since April when Pelosi pushed through a vote to indefinitely delay action. Pelosi said she took that step to reassert control over the congressional agenda after President George W. Bush sent the agreement to Congress against her advice. Bush, in turn, has accused Pelosi of killing a mutually beneficial trade deal with a strong U.S. ally in Latin America. "Obviously, Colombia is my first priority. But if it's necessary to do TAA to get Colombia, I'm willing to work in that direction," Grassley said in ...




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