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Taxpayers must pay the freight for over-budget train projects
Topic - Bryan Riley
The top U.S. trade official said Tuesday that he is "cautiously optimistic" about the nation's ability to complete a major free-trade pact with 11 other key Pacific Rim nations by the end of the year, after the latest round of the talks on the potential Trans-Pacific Partnership (TPP) wrapped up last week in Malaysia.
Although Mr. Riley, the Heritage Foundation trade policy analyst, acknowledged the importance of bringing both TTP and TTIP to a successful conclusion, he said there was a danger the deals could lead to new government regulations.
"Realistically, it looks like that's unlikely," Mr. Riley said, faulting what he said was a lack of leadership by the Obama administration to pursue the market-opening deals more aggressively.