Obama reportedly gives up on passing TPP

Obama reportedly gives up on passing TPP
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[Ed. – Interesting, since we heard earlier that Ryan was willing to give it a shot.]

President Obama‘s administration has given up on passing the Pacific-nation trade deal he has long sought, according to a new report Friday, making official a significant loss for him and for U.S. businesses.

White House official Wally Adeyemo acknowledged Friday that the administration would not be able to pass the deal during the lame-duck session, saying on a press call that it would be up to President-elect Trump and congressional Republicans “to figure out where they go in terms of trade agreements in the future.”

Senate Majority Leader Mitch McConnell, R-Ky., said on Wednesday that the Senate would not consider passing the 12-nation Trans-Pacific Partnership during the lame duck.

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