Kerry, Hagel rebuke Reid on fast-track trade bill
February 1st, 2014
03:45 PM ET
7 months ago

Kerry, Hagel rebuke Reid on fast-track trade bill

(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.

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Filed under: Chuck Hagel • European Union • Harry Reid • John Kerry • Trade
Reid puts fast-track trade bill on slow track
January 29th, 2014
05:37 PM ET
7 months ago

Reid puts fast-track trade bill on slow track

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.”

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Filed under: Harry Reid • Trade
Demonstrators protest G8 summit
June 17th, 2013
10:40 AM ET
1 year ago

G8 summit starts with talk of trade deal

[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.

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Filed under: Ireland • President Obama • Trade
Documents: Obama trade nominee has $500,000 in Caymans
June 4th, 2013
09:39 PM ET
1 year ago

Documents: Obama trade nominee has $500,000 in Caymans

(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.
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Filed under: President Obama • Trade
Obama cracks down on patent trolls
The Obama administration wants to crack down on abusive court cases brought patent trolls, such as Intellectual Ventures.
June 4th, 2013
12:24 PM ET
1 year ago

Obama cracks down on patent trolls

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.

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Filed under: President Obama • Trade
More Cabinet picks expected this week
Penny Pritzker participates in a White House event on community colleges in 2010.
April 29th, 2013
01:59 PM ET
1 year ago

More Cabinet picks expected this week

(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.
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Filed under: Trade
Source: Obama makes decision on FTC chair
February 28th, 2013
10:28 AM ET
1 year ago

Source: Obama makes decision on FTC chair

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.

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Filed under: President Obama • Trade
U.S. Trade Representative Kirk stepping down
January 22nd, 2013
03:10 PM ET
2 years ago

U.S. Trade Representative Kirk stepping down

(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.
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Filed under: Trade
Fact Check: Has Obama 'not signed one new free-trade agreement'?
October 8th, 2012
07:00 PM ET
2 years ago

Fact Check: Has Obama 'not signed one new free-trade agreement'?

(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?

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Filed under: Mitt Romney • President Obama • Trade
China conundrum: Romney event site benefited from Obama trade action
September 26th, 2012
03:21 PM ET
2 years ago

China conundrum: Romney event site benefited from Obama trade action

(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.
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Filed under: 2012 • China • Mitt Romney • Ohio • Trade
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