U.S. Senate finance committee postpones hearing on trade

A key U.S. Senate committee postponed a hearing on trade planned for Thursday and its chairman said talks on the final form of a bill to streamline the passage of trade deals through Congress were ongoing. Senate Finance Committee Chairman Orrin Hatch, a Republican, said he was still in discussions with Senator Ron Wyden, the top Democrat on the panel. Wyden has said he wants the legislation, which restricts Congress to a yes-or-no vote on trade deals in exchange for setting negotiating goals, to lay out a framework which is more transparent and provide more oversight. "Given concerns expressed by Senator Wyden, we're going to postpone tomorrow's hearing and continue our discussion on how best to advance America's trade agenda, including legislation to renew job-creating Trade Promotion Authority," Hatch said in a statement.



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