White House Threatens to Veto Trade Bill Over Currency Measure; wants separate bill

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"White House Threatens to Veto Trade Bill Over Currency Measure"

WSJ: "Treasury Secretary Jacob Lew called the bipartisan currency measure a 'poison pill' that could sink the proposed 12-nation Trans-Pacific Partnership pact if it is included in legislation needed to complete and win passage of the deal ... [GOP Sen. Rob] Portman rejected the 'poison pill' label Tuesday, saying the amendment was 'a vitamin' that would strengthen the U.S.'s negotiating objective on currency..."

http://www.wsj.com/articles/white-house-threatens-to-veto-trade-bill-over-currency-measure-1432068819


Obama pushes for separate currency bill

NYT: "With bipartisan momentum building for a currency amendment to the trade bill, President Obama on Tuesday publicly backed a pledge by the leaders of the Senate Finance Committee and Representative Paul D. Ryan of Wisconsin, chairman of the House Ways and Means Committee, to complete a trade policy enforcement bill by next month. That bill, which passed the Senate last week, contains its own tough currency measure, but Republicans are quietly working to water it down if not remove it altogether."

http://mobile.nytimes.com/2015/05/20/business/debate-intensifies-over-need-to-address-currency-manipulation-in-trade-pacts.html?referrer=