Senate committee backs extension of aid for trade-displaced workers

Published 04/22/2015, 05:37 PM
Updated 04/22/2015, 05:42 PM
Senate committee backs extension of aid for trade-displaced workers

WASHINGTON (Reuters) - A committee in the U.S. Senate voted to approve aid for workers who lose their jobs due to trade, part of a package of bills key to closing a Pacific trade pact.

The Senate Finance Committee voted 17 to 9 for an extension of trade adjustment assistance, which Democrats had demanded to accompany a bill to fast track trade deals through Congress.

The White House has said passage of the fast-track bill is critical to nailing down the 12-nation Trans-Pacific Partnership, a trade pact central to President Barack Obama's strategic "pivot" toward Asia.

(This story corrects name of committee to Senate Finance from House Ways and Means)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.