U.S.: Senate Passes Currency Bill, Moves Closer To Fast-Track

May 14, 2015 | 21:48 GMT


The United States Senate passed a controversial bill May 14 that addresses currency manipulation in the Trans-Pacific Partnership and future trade deals, the Wall Street Journal reported. The bill passed with bipartisan support, with 78 in favor and 20 opposing. The vote clears a path for the Senate to openly debate whether or not to grant President Barack Obama trade promotion authority by leaving Congress with the option of voting the final agreement up or down without the power to make amendments.