Source:
ReutersTue, May 24 2011
Republicans mull if trade deals worth Obama's price
WASHINGTON, June 2 (Reuters) - Does the United States, faced with a huge budget deficit, really need a roughly $1 billion annual program to help retrain workers who have lost their jobs because of foreign competition?
And if not, should Congress kill or pare back the nearly 50-year-old Trade Adjustment Assistance program even if that means proposed free trade deals with South Korea, Panama and Colombia could also die?
Those are two questions confronting Republicans as they consider President Barack Obama's threat not to send the trade pacts to Congress for approval until there is a deal to renew the so-called TAA at or near levels approved in 2009.
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The three trade deals were originally negotiated during the Republican administration of former President George W. Bush and approval of the pacts has been a party priority.
Read more:
http://www.reuters.com/article/2011/06/02/usa-trade-workers-idUSN0225369620110602?rpc=401