(CNN) - Even old friends have occasional disagreements.
In a rare joint appearance at the Munich Security Conference, Secretary of State John Kerry and Defense Secretary Chuck Hagel dismissed Senate Majority Leader Harry Reid's opposition to renewing fast-track trade authority and predicted that the bill will ultimately pass in spite of Reid's opposition.
Washington (CNN) – Despite a nudge from President Barack Obama during his State of the Union address for Congress to renew fast-track trade authority, Senate Majority Leader Harry Reid said Wednesday he is unlikely to consider a bill anytime soon.
“I’m against fast-track,” said the powerful Democrat who controls which bills get to the Senate floor. “I think everyone would be well-advised not to push this right now.”
[Breaking news update at 10:31 a.m. Monday ]
(CNN) – The first round of negotiations for a possible new trans-Atlantic trade deal between the United States and the European Union will take place next month in Washington, U.S. President Barack Obama said Monday at the Group of Eight summit in Northern Ireland. "I believe that we can form an economic alliance as strong as our diplomatic and security alliances," President Obama said.FULL STORY
(CNN) – President Barack Obama's nominee to become U.S. trade representative has almost half a million dollars in an investment account registered in the Cayman Islands, according to disclosure documents submitted to the Senate committee preparing to weigh his confirmation this week.
Michael Froman, currently serving as Obama's deputy national security adviser for international economic affairs, was nominated to the trade post last month.
New York (CNNMoney) - The Obama administration issued a stern rebuke of so-called "patent trolls" Tuesday, in an attempt to stop those whom the White House says manipulate the patent system for undue financial gain.
The White House directed the United States Patent and Trade Office to take five new actions that would help stem the rising tide of patent-related lawsuits tying up the court system. Many patent-holding companies with no intention of ever releasing products have made an entire business model out of suing other companies for patent infringement.FULL STORY
(CNN) – President Barack Obama is expected to make two more additions to his Cabinet this week when he names a commerce secretary and U.S. trade representative, two Democrats familiar with the discussions told CNN Monday.
The likely picks for Obama are Chicago businesswoman Penny Pritzker for commerce secretary and current White House adviser Michael Froman for trade representative, the two sources said.
Washington (CNN) – President Obama intends to designate Edith Ramirez to be the chair of the Federal Trade Commission, a White House official said Thursday.
Ramirez has served as a commissioner of the FTC since April 5, 2010. Over the past few years Ramirez has been instrumental in ensuring there is robust competition and innovation in the high-tech marketplace, and has worked hard to protect the most vulnerable communities, the official said.FULL STORY
(CNN) – Ron Kirk, the United States trade representative, will step down in February, his office announced Tuesday.
Responsible for developing and recommending American trade policy to the president, the trade representative is a Cabinet-level position, though isn't officially within the president's Cabinet.
(CNN) - Mitt Romney stated Monday that President Barack Obama "has not signed one new free-trade agreement in the past four years."
"I'll reverse that failure," the Republican presidential nominee said.
But is his assertion true?FULL STORY
(CNN) – Despite Mitt Romney's ongoing attack against President Barack Obama for not protecting American businesses against China, the Republican nominee held an event at a company Wednesday that may have benefited from an Obama administration trade action against the country.
Romney held a roundtable discussion on manufacturing with business leaders at American Spring Wire's headquarters in Bedford Heights, Ohio as part of his campaign's three-day bus tour across the Buckeye State.