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<h1 style="margin-bottom:2.25pt"><span style="font-size:15.0pt;font-family:"Arial","sans-serif";color:#2F679F"><a href="https://www.bgov.com/news_item/ju-YN_FUIsDRQW788qugzQ?ni_source=AlertEmail&ni_name=NewsAlert">Larry Summers Skeptical of TPP Passage This
Year</a> <o:p></o:p></span></h1>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#888888">January 25, 2016 02:08PM ET | Bloomberg First Word</span><span style="font-size:9.0pt;font-family:"Arial","sans-serif"">
<o:p></o:p></span></p>
<p><span style="font-size:9.0pt;font-family:"Arial","sans-serif"">(Bloomberg) -- Former Treasury Secretary
<a href="http://www.bgov.com/company_people/1493503">Larry Summers</a> says Trans-Pacific Partnership trade deal unlikely to be approved this year.
<o:p></o:p></span></p>
<ul type="disc">
<li class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;mso-list:l0 level1 lfo3">
<span style="font-size:9.0pt;font-family:"Arial","sans-serif"">Summers notes that 4 candidates leading in polls for presidential nominations -- Republicans Sen.
<a href="http://www.bgov.com/us_legislators/BB127820">Ted Cruz</a> and <a href="http://www.bgov.com/company_people/1252249">
Donald Trump</a>, Democrats <a href="http://www.bgov.com/us_legislators/BB9401">Hillary Clinton</a> and Sen.
<a href="http://www.bgov.com/us_legislators/BB549">Bernie Sanders</a> -- all oppose TPP
<o:p></o:p></span>
<ul type="circle">
<li class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;mso-list:l0 level2 lfo3">
<span style="font-size:9.0pt;font-family:"Arial","sans-serif"">“I would like nothing better than to be wrong, but I’m finding it difficult to envision the scenario in which a new president signals to Congress that they want to see TPP passed during the lame
duck,” Summers says at Council on Foreign Relations in NYC<o:p></o:p></span></li></ul>
</li><li class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;mso-list:l0 level1 lfo3">
<span style="font-size:9.0pt;font-family:"Arial","sans-serif"">Most likely “positive” scenario for TPP is that new president shifts his or her position on trade deal and there’s some sort of renegotiation that “provides a basis for moving forward” with it<o:p></o:p></span></li><li class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;mso-list:l0 level1 lfo3">
<span style="font-size:9.0pt;font-family:"Arial","sans-serif"">Summers puts odds of TPP eventually being approved as “reasonably good”<o:p></o:p></span></li></ul>
<p class="MsoNormal"><span style="font-size:9.0pt;font-family:"Arial","sans-serif"">See related story:
<a href="http://www.bgov.com/news_item/dT6xiarTYrYuoKRM8KE3gw">Chamber’s Donohue Predicts TPP Passage in ‘Lame Duck’ Session</a><o:p></o:p></span></p>
<p><span style="font-size:9.0pt;font-family:"Arial","sans-serif"">To contact the reporter on this story: Kim Chipman in Washington at
<a href="mailto:kchipman@bloomberg.net">kchipman@bloomberg.net</a> To contact the editor responsible for this story: Derek Wallbank at
<a href="mailto:dwallbank@bloomberg.net">dwallbank@bloomberg.net</a><o:p></o:p></span></p>
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