In an effort to revitalize Obama’s trade agenda, House and Senate leaders met with the President to re-strategize Trade Promotion Authority.
In a stunning blow to the President’s trade goals, the House of Representatives failed to pass trade adjustment assistance.
Republicans and Democrats are digging in their heels on trade promotion authority.
Senate passed the fast track bill without the controversial currency amendment.
A final vote for Trade Promotion Authority is expected Friday.
The compromise will allow a controversial customs-enforcement and trade-preference bill to be brought up for debate.
The fast-track trade bill was blocked at 52-45 votes. At least 60 were needed to pass a procedural vote to advance.
At the FDRA Footwear Innovation Summit in Washington D.C. trade was the hot topic of the day.