Obama poised to clinch trade pact with Panama

A breakthrough in long-stalled negotiations over a US-Colombia trade agreement clears the way for Congress to consider deals with South Korea and Panama too.

President Obama and Colombian President Juan Manuel Santos will approve an “action plan” on labor rights today that had held up the free trade pact since it was negotiated in 2007.

Without deals on all three trade pacts, Senate Republicans had vowed to block confirmation of a new Commerce secretary and other trade measures.

Original source: USA Today