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Obama's trade agenda clears key Senate hurdle (w/video)

 
Published May 22, 2015

WASHINGTON — President Barack Obama's trade agenda cleared a key Senate hurdle and advanced toward likely passage on Thursday despite opposition from most Democrats.

The 62-38 vote capped a long, tense roll call on a measure that would allow Obama to negotiate trade deals that Congress can accept or reject, but not change. If opponents had garnered three more votes, they would have been able to block the legislation with a procedural move.

With Republicans generally in favor of the measure, the pivotal votes came from Sen. Maria Cantwell, D-Wash., and a handful of others who support the trade measure. They used the showdown as leverage for a commitment that the Senate would act next month on legislation to keep the Export-Import Bank in existence. The government-backed bank guarantees loans for overseas sales by U.S. companies.

The bank's legal authority expires June 30, and conservatives in the House are seeking to put it out of business.

Obama and major business groups worked in the final hours to help secure the needed Senate votes on trade. Obama made phone calls late Wednesday night to Democratic senators including Cantwell and Ron Wyden of Oregon, the top Democrat handling the trade legislation.

In an interview with the Associated Press, Cantwell said she spoke several times in the past 24 hours to Obama, and "the president now is very committed to making this part of the entire trade package," referring to the Export-Import Bank.

"… I think now they understand the timeliness of the June 30 expiration, that there are deals that are pending, and that no one wants to put these important opportunities that hard-working American businesses have secured … at jeopardy," Cantwell said.

Obama said Thursday's vote was "a big step forward." Meeting with his Cabinet, the president said new trade deals will "open up access to markets that too often are closed," even as those other countries are selling goods in the United States.

Leaders of the Business Council met early Thursday with Democratic Senate leaders. They included Boeing chief executive James McNerney, a strong supporter of reauthorizing the Ex-Im Bank, said Sen. Dick Durbin of Illinois. Durbin, the Senate's second-ranking Democrat, said the Ex-Im Bank was among the topics discussed.

Durbin said the agreement to allow a Senate vote on the Ex-Im Bank in June was crucial to Thursday's outcome.

Sen. Bill Nelson, D-Fla., told reporters that Cantwell "feels very strongly, as we do, about the Export-Import Bank getting a clear path, that there would be a vote soon on Export-Import. She was given that assurance by Sen. McConnell, and she immediately turned and voted aye."

Sen. Mitch McConnell, R-Ky., is the Senate majority leader.

House Speaker John Boehner, R-Ohio, said Cantwell asked him for a guarantee the House also will vote on whether to reauthorize the Ex-Im Bank, but "I would not make that commitment."

Protester throw stones at police during clashes in the Nyakabyga neighborhood of Bujumbura, Burundi, Thursday May 21, 2015. Protests continue against the President's decision to seek a third term. ( AP Photo/Jerome Delay) XJD105