President Obama signed both the trade bill and worker assistance bill into law on Monday, marking the official end to the long debate over trade. The trade bill reserves Congress' input on trade agreements to either the acceptance or the rejection of Obama's proposals; Congress will not be be able to amend or delay agreements. The worker aid bill offers assistance to workers whose jobs are affected by the trade pacts enabled by the new trade bill.
Somewhat surprisingly, Republicans were Obama's biggest supporters in his endeavor to gain "fast-track" authority to negotiate the Trans-Pacific Partnership. While signing the bills on Monday, Obama applauded the bipartisan work leading up to that moment. "This was a true bipartisan achievement and it's a reminder of what we can get done... when we work together," he said.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Peter Mandelson called Epstein his 'best pal' in birthday noteSpeed Read The UK's ambassador to Washington described the late convicted paedophile as an 'intelligent, sharp-witted man'
-
'Vampire energy' could be causing your electric bill to riseUnder the Radar Wasted energy could account for up to 10% of home use
-
A Spinal Tap reunion, Thomas Pynchon by way of Paul Thomas Anderson and a harrowing Stephen King adaptation in September moviesthe week recommends This month's new releases include 'Spinal Tap II,' 'One Battle After Another' and 'The Long Walk'
-
New York court tosses Trump's $500M fraud fineSpeed Read A divided appeals court threw out a hefty penalty against President Trump for fraudulently inflating his wealth
-
Trump said to seek government stake in IntelSpeed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
-
US to take 15% cut of AI chip sales to ChinaSpeed Read Nvidia and AMD will pay the Trump administration 15% of their revenue from selling artificial intelligence chips to China
-
NFL gets ESPN stake in deal with DisneySpeed Read The deal gives the NFL a 10% stake in Disney's ESPN sports empire and gives ESPN ownership of NFL Network
-
Samsung to make Tesla chips in $16.5B dealSpeed Read Tesla has signed a deal to get its next-generation chips from Samsung
-
FCC greenlights $8B Paramount-Skydance mergerSpeed Read The Federal Communications Commission will allow Paramount to merge with the Hollywood studio Skydance
-
Tesla reports plummeting profitsSpeed Read The company may soon face more problems with the expiration of federal electric vehicle tax credits
-
Dollar faces historic slump as stocks hit new highSpeed Read While stocks have recovered post-Trump tariffs, the dollar has weakened more than 10% this year
