Sen. Ron Wyden attends first Senate Finance Committee hearing as chairman in Washington

U.S. lawmakers agree on wording of bill key to Pacific trade deal

Sen. Ron Wyden attends first Senate Finance Committee hearing as chairman in WashingtonBy Krista Hughes WASHINGTON (Reuters) – Senior U.S. lawmakers reached agreement on Thursday on the wording of a bill aimed at giving the White House “fast track” authority to negotiate a Pacific trade pact that is central to President Barack Obama’s strategic shift toward Asia. The agreement, over six months in the making, sets the stage for a bruising legislative battle over Obama’s proposed Trans-Pacific Partnership (TPP) and similar trade deals, with many Democrats opposed to the legislation along with a small but vocal contingent of Republicans.

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