White House Chief of Staff Denis McDonough said that President Obama will lobby lawmakers to give him authority to “fast track” two massive proposed trade deals through Congress: the Trans-Pacific Partnership (TPP) (USTR 2014b) and the Transatlantic Trade and Investment Partnership (TTIP) (USTR 2014a). McDonough claimed that the TPP could support $130 billion in “additional exports a year,” and that “each billion dollars in additional trade means 4,000 to 5,000 additional jobs in this country” (CBS News 2014).
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