Tuesday, June 28, 2011

News Alert: White House Announces Deal With Congress to Extend Trade Agreements

Breaking News Alert
The New York Times
Tuesday, June 28, 2011 -- 5:23 PM EDT
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White House Announces Deal With Congress to Extend Trade Agreements

The White House said Tuesday that it had reached a deal with Congress to allow free trade agreements with South Korea, Colombia and Panama to move forward after months of delay.

The deal includes funding through 2013 for a program that provides benefits, including cash payments, to workers whose jobs are shipped overseas. The administration had refused to submit the agreements to Congress until Republicans agreed to extend the program, known as trade adjustment assistance.

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