(Rebecca Kaplan – CBS News)
A looming trade deal between the U.S. and countries in the Asia-Pacific region is putting divisions in the Democratic Party on full display and could even become a wedge issue in the party’s 2016 primary.
The Trans-Pacific Partnership (TPP) is a trade agreement between the U.S. and Canada, Mexico, Australia, Brunei, Chile, Japan, Malaysia, New Zealand, Peru, Singapore, and Vietnam. The Obama administration and many Republicans argue that it will help open up new markets for U.S. exports, which would mean economic growth and more jobs at home. But some Democrats are convinced the agreement would send more American jobs overseas, hurt wages at home, and harm the environment.
In the coming weeks Congress will decide whether to give President Obama the ability to fast-track the trade deal. With Trade Promotion Authority, Congress would give the president objectives for the negotiations and agree to a yes-or-no vote on the entire deal. Lawmakers would forego the ability to change individual provisions. Click here read more.