Obama Has Harsh Words For Warren On Free Trade
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Source: Huffington Post |
Lawmakers will likely take two contested votes this week, as the Senate considers whether to grant President Obama authority to conclude free-trade negotiations in the Pacific and the House debates a reform to the country's surveillance apparatus. Neither vote will be along party lines, which makes both of them interesting -- they reveal divisions within the Republican and Democratic coalitions that are usually hidden.
Those tensions were apparent over the weekend in Matt Bai's interview with Obama on free trade for Yahoo, excerpted below. Obama rejected claims by Sen. Elizabeth Warren (D-Mass.) that the deal would undermine financial regulation, and accused Warren of playing politics.
As Matthew Yglesias wrote last week at Vox, Warren might be technically right that a future Republican president could use new authority on trade to relax the rules for banks -- but then again, a Republican in the White House would hardly need trade negotiations to accomplish that goal.
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