Vote paves way for President Obama’s signature Pacific trade deal, though fate in House is uncertain.
A worker inspects a metal frame at a Louisville, Ky, assembly plant.The Senate, moving toward a final vote on fast-track trade legislation, rejected a contentious amendment backed by the auto industry that would press negotiators to include rules to combat currency manipulation in international trade pacts.Photo: Luke Sharrett/Bloomberg News
By William Mauldin And
Siobhan Hughes
Updated May 22, 2015 10:11 p.m. ET
WSJ
WASHINGTON—The Senate on Friday passed major trade legislation that would pave the way for President Barack Obama’s signature Pacific trade deal, marking a victory for the Obama administration and Republican leaders in Congress and sending the bill toward an uncertain fate in the House.
Lawmakers defeated a controversial amendment on currency manipulation that drew a veto threat from the White House and then moved the bill steadily through to a final vote just one day after a revolt among some Democrats nearly derailed the bill, a major priority for Mr. Obama.
The Senate voted 62-37 to approve so-called fast track, which would help conclude the Trans-Pacific Partnership with Japan and 10 other countries and ensure that the Pacific deal and others would get an up-or-down vote in Congress without amendments.
The Pacific agreement, which officials could finish soon if the House also approves fast-track, is set to lower tariffs and other barriers at the border and institute commercial rules of the road designed to spur flows of goods, services and finance in a dozen countries comprising some 40% of global economic output.
The Senate passage of fast track, also known as trade promotion authority, is a win for Mr. Obama and Treasury Secretary Jack Lew, who made personal calls to clear roadblocks in recent days and discourage senators from approving language that would mandate enforceable rules against currency manipulation, opposed by trading partners.
Đăng bởi Trần Đình Hoành
I am an attorney in the Washington DC area, with a Doctor of Law in the US, attended the master program at the National School of Administration of Việt Nam, and graduated from Sài Gòn University Law School. I aso studied philosophy at the School of Letters in Sài Gòn.
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I have worked as an anti-trust attorney for Federal Trade Commission and a litigator for a fortune-100 telecom company in Washington DC.
I have taught law courses for legal professionals in Việt Nam and still counsel VN government agencies on legal matters.
I have founded and managed businesses for me and my family, both law and non-law.
I have published many articles on national newspapers and radio stations in Việt Nam.
In 1989 I was one of the founding members of US-VN Trade Council, working to re-establish US-VN relationship.
Since the early 90's, I have established and managed VNFORUM and VNBIZ forum on VN-related matters; these forums are the subject of a PhD thesis by Dr. Caroline Valverde at UC-Berkeley and her book Transnationalizing Viet Nam.
I translate poetry and my translation of "A Request at Đồng Lộc Cemetery" is now engraved on a stone memorial at Đồng Lộc National Shrine in VN.
I study and teach the Bible and Buddhism. In 2009 I founded and still manage dotchuoinon.com on positive thinking and two other blogs on Buddhism.
In 2015 a group of friends and I founded website CVD - Conversations on Vietnam Development (cvdvn.net).
I study the art of leadership with many friends who are religious, business and government leaders from many countries.
I have written these books, published by Phu Nu Publishing House in Hanoi:
"Positive Thinking to Change Your Life", in Vietnamese (TƯ DUY TÍCH CỰC Thay Đổi Cuộc Sống) (Oct. 2011)
"10 Core Values for Success" (10 Giá trị cốt lõi của thành công) (Dec. 2013)
"Live a Life Worth Living" (Sống Một Cuộc Đời Đáng Sống) (Oct. 2023)
I practice Jiu Jitsu and Tai Chi for health, and play guitar as a hobby, usually accompanying my wife Trần Lê Túy Phượng, aka singer Linh Phượng.
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CVD 