Congress yesterday approved three free trade agreements with Colombia, South Korea and Panama, with supporters touting U.S. job creation and opponents arguing the measures will cause American job losses and pointing out the persistent anti-union violence in Colombia.
The U.S. Senate Committee on Finance will hold hearings today to consider bills to implement three free trade agreements, including the U.S.-Colombia Trade Promotion Agreement, mired in controversy since its proposal under the Bush administration.
Some Mexican politicians are not happy with Secretary of State Hillary Clinton’s comments yesterday comparing Mexico’s drug cartel problem to an insurgency and arguing for actions similar to those Colombia used to fight its drug trade.
Amid fears that Switzerland might come to an agreement with the United States on banking privacy and tax evasion disclosures, Credit Suisse issued a report identifying those countries it determined to have the highest risks of default on their sovereign debts. Number 16 on the list More…
During last night’s presidential debate at Hofstra University, Sen. John McCain, as he often does on the trail, sang the praises of the stalled Colombian Free Trade Agreement.
With a tone that bordered on mocking, McCain disparaged Sen. Barack Obama’s opposition to the agreement. From the transcript:
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