Part-WAS-Was8919519-1-1-0

White House wants no currency provision in trade bill

Richard Trumka, AFL-CIO President, as he leaves after a meeting with other labor leaders in the West Wing of the White House February 5, 2013 in Washington, DCUS President Barack Obama’s administration on Tuesday came out strongly against Democratic proposals to curb currency manipulation as part of a sweeping Pacific trade pact Washington is negotiating with 11 nations. While the White House reiterated its support for a recent deal that gives President Barack Obama “fast-track” authority to sign free-trade agreements without interference from Congress, some members of his party seek to attach measures that would add enforceable currency manipulation rules.

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