Wyden: Not So Fast on Fast Track/TPA
Sen. Ron Wyden (D-Ore.), the likely next chairman of the Senate Finance Committee, is clearly signaling to President Obama that he will not rush forward with “fast-track” legislation that would spur on the White House’s trade agenda. Wyden has no plans to take up the fast-track bill written by outgoing Chairman Max Baucus (D-Mont.), who was nominated by Obama to be US ambassador to China. Instead, he says he will hear out other senators on trade, a policy area he says has changed tremendously since the last time a fast-track bill was approved, in 2002. “Senators want to examine the changes in global commerce and how it affects both the process and substantive agreements, so I’m going to spend some time listening to senators,” Wyden told The Hill. Other Democrats on the Finance panel said Wyden is signaling that fast-track — which Obama called for in his State of the Union address last week — is on ice for now.