In the news: Approve the free-trade agreements

From The Washington Post: The U.S. economy needs swift approval of theĀ pending free-trade agreements with Colombia, Panama and South Korea. Yet a week after the release of a disappointing employment report, procedural disagreement over a program that has provided benefits to American workers for almost 50 years is stalling the entire trade agenda.

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Given political realities, the cost-benefit analysis should be clear: better to incur the fiscal cost of renewing theĀ Trade Adjustment Assistance program than to lose the much greater benefits of free trade with three important trading partners.

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