U.S. senators reach deal to move on with fast-track trade bill

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Published: May 13, 2015

WASHINGTON (Reuters) — U.S. Senate leaders agreed on Wednesday on a deal to move towards debating legislation key to sealing a Pacific trade pact.

Senate Majority Leader Mitch McConnell said the Senate would hold separate votes on a customs bill, which contains rules against currency manipulation, and another bill granting trade preferences, he said.

McConnell also took steps to bring on a new procedural vote to clear the way for debate on a bill to grant the White House authority to negotiate trade deals and speed them through Congress.

Senate Democratic leader Harry Reid said the proposal was “fair” and offered a path forward.

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