AIRLINK 79.41 Increased By ▲ 1.02 (1.3%)
BOP 5.33 Decreased By ▼ -0.01 (-0.19%)
CNERGY 4.38 Increased By ▲ 0.05 (1.15%)
DFML 33.19 Increased By ▲ 2.32 (7.52%)
DGKC 76.87 Decreased By ▼ -1.64 (-2.09%)
FCCL 20.53 Decreased By ▼ -0.05 (-0.24%)
FFBL 31.40 Decreased By ▼ -0.90 (-2.79%)
FFL 9.85 Decreased By ▼ -0.37 (-3.62%)
GGL 10.25 Decreased By ▼ -0.04 (-0.39%)
HBL 117.93 Decreased By ▼ -0.57 (-0.48%)
HUBC 134.10 Decreased By ▼ -1.00 (-0.74%)
HUMNL 7.00 Increased By ▲ 0.13 (1.89%)
KEL 4.67 Increased By ▲ 0.50 (11.99%)
KOSM 4.74 Increased By ▲ 0.01 (0.21%)
MLCF 37.44 Decreased By ▼ -1.23 (-3.18%)
OGDC 136.70 Increased By ▲ 1.85 (1.37%)
PAEL 23.15 Decreased By ▼ -0.25 (-1.07%)
PIAA 26.55 Decreased By ▼ -0.09 (-0.34%)
PIBTL 7.00 Decreased By ▼ -0.02 (-0.28%)
PPL 113.75 Increased By ▲ 0.30 (0.26%)
PRL 27.52 Decreased By ▼ -0.21 (-0.76%)
PTC 14.75 Increased By ▲ 0.15 (1.03%)
SEARL 57.20 Increased By ▲ 0.70 (1.24%)
SNGP 67.50 Increased By ▲ 1.20 (1.81%)
SSGC 11.09 Increased By ▲ 0.15 (1.37%)
TELE 9.23 Increased By ▲ 0.08 (0.87%)
TPLP 11.56 Decreased By ▼ -0.11 (-0.94%)
TRG 72.10 Increased By ▲ 0.67 (0.94%)
UNITY 24.82 Increased By ▲ 0.31 (1.26%)
WTL 1.40 Increased By ▲ 0.07 (5.26%)
BR100 7,526 Increased By 32.9 (0.44%)
BR30 24,650 Increased By 91.4 (0.37%)
KSE100 71,971 Decreased By -80.5 (-0.11%)
KSE30 23,749 Decreased By -58.8 (-0.25%)
World

US Senate debating on worker aid bill

WASHINGTON : The Senate aims to begin debate on Monday on legislation to retrain US workers who lose jobs due to oversea
Published September 16, 2011

imazaiWASHINGTON: The Senate aims to begin debate on Monday on legislation to retrain US workers who lose jobs due to overseas competition, Senate Majority Leader Harry Reid said on Friday, in a move that could set the stage for Congress to consider three long-delayed free trade deals.

President Barack Obama has insisted that Congress pass a bill renewing the Trade Adjustment Assistance program along with free trade agreements with South Korea, Colombia and Panama. The program, which faces Republican opposition, provides retraining for workers who lose their jobs due to foreign competition.

"I believe we will begin consideration of the trade adjustment assistance bill on Monday. We're working on procedures to get to that today," Reid said.

Many Republicans are sceptical of the merits of the nearly 50 year-old retraining and income assistance program and object to an earlier White House plan to include TAA in the implementing legislation for the South Korean trade pact.

They have pledged to pass TAA separately, but many Democrats are concerned that won't happen once the trade deals are approved.

Reid's plan aims to end the standoff over the trade deals by passing the retraining bill first. The package would then go to the Republican-controlled House, where it would be passed in tandem with the trade pacts.

Obama and his Democrats, along with Republicans, have pointed to the trade pacts as a way to aid weak job growth in the US economy by boosting exports.

Copyright Reuters, 2011

Comments

Comments are closed.