Senators reach agreement on fast-track trade bill sought by Obama
Key lawmakers on Thursday announced they had reached a deal on a bill to grant President Obama broad authority to advance what could be the nation's largest free trade agreement in two decades.
The trade promotion authority bill — known informally as "fast track" legislation — would allow the president to ask Congress for a simple up or down vote on a final 12-nation Pacific trade pact. If approved by Congress, the trade deal would be the biggest since the North American Free Trade Agreement of 1994.
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