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Senate fights over must-pass trade tax bill delays WTO deadline
Washington AP reports Congress remains split over replacing the Foreign Sales Corporation scheme as the WTO deadline nears. White House pressure grows while Democrats block debate over amendments, risking a trade war and $4.5 billion cost over 10 years. Senators push targeted provisions on drugs, tobacco, and wage rules amid frustration from Senate Leader Lott.
MENTIONED IN THIS ARTICLE
Washington
World Trade Organization
Congress
U.S
European Union
WTO
United States
Foreign Sales Corporation
Treasury
Stuart Eizenstat
White House
House
Senate
Richard Bryan
D-Nev
Bryan
Russell Feingold
D-Wis
Edward M. Kennedy
D-Mass
Trent Lott
Miss
Lott