Senate Majority Leader Harry Reid said he opposes legislation to speed approval of trade deals, rejecting a top goal of U.S. exporters a day after President Barack Obama called for it in his State of the Union address.
One of the biggest challenges to President Barack Obama’s trade agenda is a senior House Democrat from Michigan with some of the Capitol’s closest ties to organized labor and his home state’s auto industry.
Senate Republicans stepped up calls for President Barack Obama to get more directly involved in pushing Congress to enable speedy approval of trade deals, saying that he is endangering his second-term trade agenda.
More than 50 tax breaks that expired as 2014 dawned, including a decades-old credit for research and product development by businesses, aren’t on a fast track for renewal because Congress needs to review them on a case-by-case basis, a key member of the Senate Finance Committee says.
Representative Darrell Issa questioned the legitimacy of a U.S. criminal investigation into the screening of Tea Party groups by the Internal Revenue Service, saying that anonymous leaks had harmed the inquiry.