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 RyanFormer Speaker Boehner's official portrait unveiled Krystal Ball issues warning to Biden supporters Saagar Enjeti: Crenshaw's conservatism will doom future of GOP MORE (R-Wis.), panel ranking member Sandy Levin (D-Mich.), Senate Finance Committee Chairman Orrin HatchOrrin Grant HatchKey Republicans say Biden can break Washington gridlock Trump awards Medal of Freedom to racing industry icon Roger Penske Trump holds more Medal of Freedom ceremonies than predecessors but awards fewer medals MORE (R-Utah) and the panel's top Democrat, Ron WydenRonald (Ron) Lee WydenOvernight Health Care: GOP senator says drug price action unlikely this year | House panel weighs ban on flavored e-cigs | New York sues Juul Top GOP senator: Drug pricing action unlikely before end of year Senate aides met with tax return whistleblower: report 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.