White House official Michael Froman, seeking confirmation as U.S. trade representative, told a Senate committee he would press lawmakers to renew the president’s authority assuring speedy action on trade deals.
President Barack Obama is close to choosing Mike Froman, currently the deputy national security adviser for international economics, as U.S. Trade Representative, according to two people familiar with the matter.
President Barack Obama asked his nominees for Commerce secretary and trade ambassador to revive U.S. export growth as the administration’s goal of doubling overseas sales by the end of next year slips out of reach.
President Barack Obama said he is nominating Penny Pritzker, the Chicago businesswoman, philanthropist and Hyatt Hotels Corp. heiress who led record fundraising for his 2008 campaign, as secretary of commerce.
U.S. Trade Representative Ron Kirk was pressed by Democratic and Republican senators to advance three long-stalled free-trade agreements, as he urged lawmakers to approve a deal with South Korea first.
President Barack Obama will nominate Charlotte, North Carolina, Mayor Anthony Foxx, a Democrat, to lead the Transportation Department, according to a White House official who spoke on condition of anonymity.
The trade and economic cooperation deal signed by the U.S. and Brazil will open a constrained market and help reach the administration’s goal of doubling exports by 2015, U.S. Trade Representative Ron Kirk said.