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Bond In Investing Savings Less than a week after the Senate broke a major impasse threatening the administration's trade bill, President Bush faces a new struggle over how much authority he should have to negotiate trade agreements without the risk of congressional rewrites.

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Bond Investment Toledo Toledo The Senate is regarded as closely divided on the issue, and administration officials have hinted that a veto is possible if the proposed expansion of presidential trade negotiating authority is watered down in a significant way.

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James Bond Trading Card "I think this is very serious," said Sen. Chuck Hagel (R-Neb.), who favors the administration's position.

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Bond In Investing Stock Under the legislation, the president would have the power to negotiate trade agreements that Congress could approve or reject, but not amend. It would restore trade promotion authority enjoyed by every president since Gerald Ford until it lapsed in 1994.

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Municipal Bonds Investment A major impediment to the bill's passage was removed last week when key senators and the White House reached agreement on a Democratic-sponsored package of health benefits and other assistance to workers who lose jobs because of trade competition.

The White House indicated on Thursday it may seek to reinstate a plan for drilling in an Alaska wildlife refuge following defeat of the proposal in the Senate. "At a time when oil and gas prices are rising, the Senate today missed an opportunity to lead America to greater energy independence, " White House spokesman Ari Fleischer ( web sites) led Senate killed the plan to allow drilling in the Arctic National Wildlife Refuge (ANWR). "The president believes that it's vital for Congress to enact balanced, comprehensive energy reform."

Bond Terms Trading But an amendment proposed by Sens. Mark Dayton (D-Minn.) and Larry E. Craig (R-Idaho) has injected a new element of uncertainty. It would create an exception to the all-or-nothing rule by allowing lawmakers to challenge any provision of a proposed trade pact that seeks to change anti-dumping and other laws meant to protect U.S. companies from "unfair" trade practices, such as subsidized exports.

Bond Debt High In Inside The proposal has strong backing from senators of both parties. Administration officials yesterday were trying to work out a compromise that would signal support for trade-remedy laws without tying the president's hands in negotiations.

Bond Greenville Greenville But a Dayton aide said the administration offered little of substance and added, "It seems to us it would not be enough of a change to retain the Senate's constitutional right to review trade agreement provisions that undermine remedy laws."

Trading Stock And Bonds A Commerce Department official said the Dayton-Craig proposal would seriously undermine presidential trade negotiating authority and suggested the president's Cabinet would favor a veto if it was added to the bill.

Bond Investing Municipal "I think it's pretty clear that members of the Cabinet would recommend that . . . accepting Dayton-Craig is a price that's too high," the official said, speaking on the condition that he not be named.

Basis Bond Finance Hill Sen. John McCain (R-Ariz.), who opposes the Dayton-Craig proposal, said the administration, including Bush, needs to get more directly involved in the fight. One problem, he said, is that "the administration doesn't come with clean hands" because of its support for steel tariffs, farm subsidies and other protectionist measures.

Bond Explained Terms Trading By Helen Dewar
Washington Post - 5/14/2002

Topic: Trade

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