Top Democrat: Obama's signature global trade deal won't be ratified by Congress
Barack Obama, upon taking over the White House in 2009, told Republicans bluntly that “elections have consequences” and proceeded to bulldoze over the opposing party’s priorities and requests.
This year, Donald Trump has not even taken the oath of office and some of those consequences are apparent.
For one, Obama’s long-sought dream of the Trans Pacific Partnership trade deal apparently is dead.
That’s according to Sen. Chuck Schumer, who likely will be the top Democrat in the incoming Senate.
The Hill reported the signals coming from Schumer to Obama are clear.
The report said Schumer “told the AFL-CIO executive council that lawmakers won’t ratify the Trans Pacific Partnership.”
“Schumer, who has voiced concerns that the deal doesn’t do enough to crack down currency manipulation, told CNBC’s John Harwood in mid-October that he thought the TPP ‘may well get’ 51 votes if Majority Leader Mitch McConnell, R-Ky., brought it to the floor in the lame-duck session,” the report said.