THE ELECTION DAY OUTCOMES THAT COULD AFFECT TPP: Tonight’s election results may be about offices that aren’t going to change hands until early next year, but their outcomes could heavily influence what happens to the TPP before the end of this administration. President Barack Obama has promised that regardless of tonight’s outcomes, he will push hard to get the deal approved during the lame-duck session. But the current Congress may act differently depending on not only who wins the White House but also which party takes over control of each chamber.
The best case scenario for TPP approval this year would likely be for everything to stay just as it is: a Democrat in the White House and Republicans controlling both houses of Congress, said Bill Reinsch, a distinguished fellow at the Stimson Center. “Historically, what usually happens is if something changes parties … there’s often a tendency for the people that are coming in and taking control of the House or Senate or White House to say, ‘Don’t do it in lame duck; wait for me, because I’m going to do it better,’” Reinsch said.
Read the full article here.