Markets

A TPP without the US? It's being suggested

A TPP without the US? It's being suggested

Administration officials also said Obama will try to explain the situation to leaders of the 11 other countries in the Trans-Pacific Partnership pact next week at the Asia-Pacific Economic Cooperation summit in Peru.

The USTR statement follows a Twitter message on Friday from Jared Bernstein, a former economic adviser to Vice President Joe Biden, that the administration was giving up on a lame-duck TPP vote.

"We have worked closely with Congress to resolve outstanding issues and are ready to move forward, but this is a legislative process and it's up to congressional leaders as to whether and when this moves forward", said Matt McAlvanah, a spokesman for the Office of the USA trade representative, in an email to The Hill.

Trump and Democrat Hillary Clinton each opposed the agreement during their campaigns, endangering the already slim chances that Congress would cobble together enough support to pass the historic agreement before the end of Obama's presidency.

US House Speaker Paul Ryan had earlier said he would not proceed with a lame-duck vote.

The TPP deal was reached in the United States city of Atlanta more than a year ago following years of bitter negotiation.

Female student killed, another injured in stabbing at Abbotsford high school
We do not believe the suspect has ties to this school, or to the two girls, or specifically to the Abbotsford area. Ann's Parish toward the school carrying a bouquet of flowers. "It ruptures our sense of security".


President Barack Obama reportedly hoped have the deal approved by Congress before he turns over the White House to Trump.

The deal, created to regulate trade between Australia, the U.S., New Zealand, Canada, Singapore, Vietnam, Malaysia, Japan, Mexico, Peru, Brunei and Chile, was once hailed as the most progressive trade deal in history.

"We've got a strong case to make with regard to the Trans-Pacific Partnership, and we're going to encourage Republican leaders to take it up and pass it because of the enormous benefits that would accrue to American workers, American businesses, and the broader USA economy", he added.

The TPP involves Australia, the United States, and 10 other countries throughout the Asia-Pacific region and South America.

Obama's trade office said it was now up to lawmakers to advance the process. Trump's aides had also told the Obama administration to stand down on going forward with foreign policies after the election.

"But we continue to think that these types of deals make sense, simply because countries like China are not going to stop working on regional agreements". Observers say participants may debate a possible change in the trade deal's framework to exclude the U.S.


  • Mystery of why seabirds eat plastic is revealed

    Mystery of why seabirds eat plastic is revealed

    The scent elicits a feeding response from seabirds , especially species that heavily rely on their sense of smell to find food. Those species that have evolved to use DMS as a sign of food can be tricked by marine plastic debris that also emits DMS.
    US says airstrike killed al-Qaida leader in Afghanistan

    US says airstrike killed al-Qaida leader in Afghanistan

    Therefore Fusion Media doesn't bear any responsibility for any trading losses you might incur as a result of using this data. Both leaders were reportedly involved in efforts to re-establish a safe haven for al Qaeda in Afghanistan.
    This isn't 'Survivor,' Obama says; Trump, Clinton fire away

    This isn't 'Survivor,' Obama says; Trump, Clinton fire away

    Fifty-two percent of registered voters approve of the job Obama is doing, an increase from earlier this year. His brief letter to Congress last week said the new trove of emails might or might not be significant.
  • China passes far-reaching Internet security law

    China passes far-reaching Internet security law

    But Internet control has reached new heights since President Xi Jinping assumed power in March 2013. A Human Rights Watch (HRW) spokeswoman on Monday condemned the catch-all nature of the measures.
    Netflix drama

    Netflix drama "The Crown" explores early reign of Britain's Queen Elizabeth

    While politely handled in The Queen , an even trickier subject to cover would be that of Princess Diana's life and death. It was written by Peter Morgan and directed by Stephen Daldry who previously directed Billy Elliot and The Hours .
    Mom texted video of dead toddler during fight with dad, police say

    Mom texted video of dead toddler during fight with dad, police say

    He was transported to a nearby hospital and was pronounced dead at 11:40 p.m. on Tuesday night; daughter Angel is alive and well. The first officers arrived at the Hi View Gardens housing complex about 15 minutes after the final text message.
  • Michael Keaton to play villain in upcoming Spider-man reboot

    Spider-Man: Homecoming will be the first time we get to see Marvel and Sony work together on a Spider-Man movie. In my everyday life I'm not a big fan of contract law, but damn if the Marvel movies don't make it exciting.

    Bournemouth's Howe has little sympathy for under-fire Moyes

    Sunderland manager, David Moyes, has reserved special praise for Victor Anichebe for his superlative display against Bournemouth. Bournemouth made the ideal start when Dan Gosling forced Adam Smith's cross over the line in the 10th minute.
    Wonder Woman: brand new trailer and posters land

    Wonder Woman: brand new trailer and posters land

    Watch the newest trailer for the upcoming Wonder Woman film below, which will be released next summer on June 2, 2017. Wonder Woman vows multiple times during the teaser to do all that she can to help defend and save the world.
  • Oracle Financial Services Software Q2 net profit up at Rs. 291.85 crores

    Oracle Financial Services Software Q2 net profit up at Rs. 291.85 crores

    Total income of the bank decreased to H12,046.6 crore during the quarter, from H12,300.4 crore in the year-ago period. SBI on Friday said it had received deposits worth ₹53,000 crore after the government scrapped ₹500 and ₹1,000 notes.
    Putin grants Russian citizenship to actor Steven Seagal

    Putin grants Russian citizenship to actor Steven Seagal

    Seagal also offered to set up a martial arts school in Belgrade, after which he was given Serbian citizenship earlier this year. Seagal automatically became a Russian citizen as soon as the decree was published, and he doesn't have to officially accept it.

    Jerry said what? Cowboys' Prescott OK with latest from boss

    When the season started, the thought was that would be the question facing the Cowboys between Dak Prescott and Tony Romo . The Cowboys came back in the fourth quarter to tie the game, and after a few back and forths, the game went into overtime.