AIRLINK 160.28 Decreased By ▼ -4.30 (-2.61%)
BOP 9.48 Increased By ▲ 0.18 (1.94%)
CNERGY 7.81 Increased By ▲ 0.27 (3.58%)
CPHL 86.11 Increased By ▲ 1.91 (2.27%)
FCCL 43.73 Increased By ▲ 0.76 (1.77%)
FFL 14.96 Increased By ▲ 0.14 (0.94%)
FLYNG 28.69 Increased By ▲ 0.48 (1.7%)
HUBC 137.12 Decreased By ▼ -0.75 (-0.54%)
HUMNL 12.45 Increased By ▲ 0.18 (1.47%)
KEL 4.11 Increased By ▲ 0.03 (0.74%)
KOSM 5.24 No Change ▼ 0.00 (0%)
MLCF 68.92 Increased By ▲ 2.45 (3.69%)
OGDC 207.81 Decreased By ▼ -0.19 (-0.09%)
PACE 5.16 Decreased By ▼ -0.07 (-1.34%)
PAEL 43.20 Increased By ▲ 1.30 (3.1%)
PIAHCLA 16.78 Increased By ▲ 0.15 (0.9%)
PIBTL 8.92 Increased By ▲ 0.04 (0.45%)
POWER 13.48 Increased By ▲ 0.19 (1.43%)
PPL 157.10 Decreased By ▼ -3.15 (-1.97%)
PRL 28.59 Increased By ▲ 0.69 (2.47%)
PTC 20.58 Increased By ▲ 0.30 (1.48%)
SEARL 84.59 Increased By ▲ 0.86 (1.03%)
SSGC 39.33 Increased By ▲ 1.61 (4.27%)
SYM 15.18 Increased By ▲ 0.58 (3.97%)
TELE 7.03 No Change ▼ 0.00 (0%)
TPLP 8.82 Increased By ▲ 0.08 (0.92%)
TRG 63.84 Increased By ▲ 1.30 (2.08%)
WAVESAPP 8.87 Decreased By ▼ -0.15 (-1.66%)
WTL 1.26 No Change ▼ 0.00 (0%)
YOUW 3.54 Increased By ▲ 0.04 (1.14%)
AIRLINK 160.28 Decreased By ▼ -4.30 (-2.61%)
BOP 9.48 Increased By ▲ 0.18 (1.94%)
CNERGY 7.81 Increased By ▲ 0.27 (3.58%)
CPHL 86.11 Increased By ▲ 1.91 (2.27%)
FCCL 43.73 Increased By ▲ 0.76 (1.77%)
FFL 14.96 Increased By ▲ 0.14 (0.94%)
FLYNG 28.69 Increased By ▲ 0.48 (1.7%)
HUBC 137.12 Decreased By ▼ -0.75 (-0.54%)
HUMNL 12.45 Increased By ▲ 0.18 (1.47%)
KEL 4.11 Increased By ▲ 0.03 (0.74%)
KOSM 5.24 No Change ▼ 0.00 (0%)
MLCF 68.92 Increased By ▲ 2.45 (3.69%)
OGDC 207.81 Decreased By ▼ -0.19 (-0.09%)
PACE 5.16 Decreased By ▼ -0.07 (-1.34%)
PAEL 43.20 Increased By ▲ 1.30 (3.1%)
PIAHCLA 16.78 Increased By ▲ 0.15 (0.9%)
PIBTL 8.92 Increased By ▲ 0.04 (0.45%)
POWER 13.48 Increased By ▲ 0.19 (1.43%)
PPL 157.10 Decreased By ▼ -3.15 (-1.97%)
PRL 28.59 Increased By ▲ 0.69 (2.47%)
PTC 20.58 Increased By ▲ 0.30 (1.48%)
SEARL 84.59 Increased By ▲ 0.86 (1.03%)
SSGC 39.33 Increased By ▲ 1.61 (4.27%)
SYM 15.18 Increased By ▲ 0.58 (3.97%)
TELE 7.03 No Change ▼ 0.00 (0%)
TPLP 8.82 Increased By ▲ 0.08 (0.92%)
TRG 63.84 Increased By ▲ 1.30 (2.08%)
WAVESAPP 8.87 Decreased By ▼ -0.15 (-1.66%)
WTL 1.26 No Change ▼ 0.00 (0%)
YOUW 3.54 Increased By ▲ 0.04 (1.14%)
BR100 12,154 Increased By 88.7 (0.74%)
BR30 35,868 Increased By 101.3 (0.28%)
KSE100 114,872 Increased By 808.3 (0.71%)
KSE30 35,267 Increased By 233.5 (0.67%)
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.