Labor unions argue it's yet another deal that will erode American jobs and benefit corporations. But labor specialists say there's a flip side: Companies more engaged in global trade pay higher wages.
If you thought the Trans-Pacific Partnership was big already — and it is — it could get even bigger, President Obama told Kai Ryssdal of "Marketplace" from American Public Media.
The 12 countries in the Trans-Pacific Partnership account for almost 36 percent of the world's economy, which would make TPP by far the largest U.S. trade pact.
Lawmakers voted 62-38 to limit debate on a bill that would grant the authority to President Obama, marking a big step toward a new trade pact with 11 Asia-Pacific nations.
To study the draft Trans-Pacific Partnership text, senators have to go to the basement of the Capitol and enter a secured, soundproof room and surrender their cellphones.
Trade deals like NAFTA can have vast long-term impacts on diet and health. Experts say they're concerned that the U.S. isn't addressing these implications of the Trans-Pacific Partnership.
Friday's jobs report showed tepid wage growth in April. Hours after its release, President Obama gave a speech arguing that a new trade deal would strengthen the labor market. Opponents disagree.