NEWS
Official: Budget Cuts Hurt Trade
Tue Mar 19, 2013 04:24 PM CDT

WASHINGTON (AP) -- The administration's top trade official outlined President Barack Obama's ambitious trade agenda to Congress Tuesday while cautioning that budget cuts are hampering efforts to negotiate new trade deals and enforce existing ones.

The administration is currently conducting or preparing to launch three major trade negotiations, acting U.S. Trade Representative Demetrios Marantis said at Senate Finance Committee hearing on trade policy. But budget cuts "may significantly hamper these and other efforts to open global markets and support American jobs."

He said his agency has seen its funding cut by $2.6 million as a result of the automatic budget ...

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