Trade leaders demand White House ramp up talks on TPP

Congressional trade leaders are demanding that the Obama administration immediately ramp up talks with lawmakers as negotiations on a massive Asia-Pacific agreement reach a critical stage.

House Ways and Means Committee Chairman Paul RyanPaul Davis RyanThree-way clash set to dominate Democratic debate Krystal Ball touts Sanders odds in Texas Republicans pour cold water on Trump's term limit idea MORE (R-Wis.), panel ranking member Sandy Levin (D-Mich.), Senate Finance Committee Chairman Orrin HatchOrrin Grant HatchTrump to award racing legend Roger Penske with Presidential Medal of Freedom Trump awards Presidential Medal of Freedom to economist, former Reagan adviser Arthur Laffer Second ex-Senate staffer charged in aiding doxxing of GOP senators MORE (R-Utah) and the panel's top Democrat, Ron WydenRonald (Ron) Lee WydenProgressive tax-the-rich push gains momentum Key Senate Democrat unveils proposal to tax the rich Overnight Health Care: Trump seeks ban on flavored e-cigarettes | Purdue Pharma nears settlement with states, cities over alleged role in opioid epidemic | Senate panel cancels vote on key spending bill amid standoff MORE (Ore.), said "we expect you to intensify these consultations and coordination immediately" on the Trans-Pacific Partnership (TPP).

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In a letter to U.S. Trade Representative Michael FromanMichael B.G. FromanOn The Money: Sanders unveils plan to wipe .6T in student debt | How Sanders plan plays in rivalry with Warren | Treasury watchdog to probe delay of Harriet Tubman bills | Trump says Fed 'blew it' on rate decision Democrats give Trump trade chief high marks US trade rep spent nearly M to furnish offices: report MORE and Treasury Secretary Jack LewJacob (Jack) Joseph LewHogan urges Mnuchin to reconsider delay of Harriet Tubman bill Mnuchin says new Harriet Tubman bill delayed until 2028 Overnight Finance: US reaches deal with ZTE | Lawmakers look to block it | Trump blasts Macron, Trudeau ahead of G-7 | Mexico files WTO complaint MORE, they said that any agreement reached on the TPP must meet the priorities set out by Congress as part of the fast-track authority law signed by President Obama in June. 

If officials aren't ready to wrap up work on the TPP this week in Atlanta, the lawmakers suggested top trade officials take a step back before proceeding. 

“We urge you to take the time necessary to get the best possible deal for the United States working closely with us and with stakeholders to resolve the many outstanding issues in these critically important negotiations," they wrote in the letter. 

“If you are unable to obtain an agreement that is consistent with the standards we have set out, we would support continuing negotiations so that TPP meets the benchmark that Congress can support.”

Negotiations on the TPP slipped into Friday as the United States and 11 other nations try to complete work on the sweeping pact that covers 40 percent of global growth.