A major priority for President Obama is the passage of the Pacific trade accord, a free trade bill that would open up markets in Asia. But a proposal to fast-track the treaty–allowing a single up-or-down vote, rather than risking death by a thousand amendments–was defeated in the Senate. All but one Republican took the President’s side, but all but one Democrat voted against him. The measure fell short of the 60 votes it needed. Lots of interesting issues here, which I raise after the jump.
UPDATE: A deal seems to have been struck that will give the bill another shot.