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Obama to meet with businesses over TPP deal

Obama to meet with businesses over TPP dealPresident Barack Obama will conduct a meeting with a group of business and government leaders on Friday to discuss the Trans-Pacific Partnership trade pact, the White House said.

"Tomorrow’s discussion is an opportunity for the president to hear directly from a diverse coalition of experts and leaders in their fields on how the Trans-Pacific Partnership can benefit American workers and businesses and further our national security," a White House spokeswoman said in a statement on Thursday.

U.S. Senate Majority Leader Mitch McConnell has said the Senate will not vote on the pact this year, punting it to the next president, who will take office in January.

Among those who would attend the meeting would be the former New York Mayor Michael Bloomberg, Louisiana Governor Jon Bel Edwards, Ohio Governor and former Republican presidential candidate John Kasich and IBM (IBM.N) Chief Executive Ginni Rometty.

Obama said in a speech on the sidelines of a summit in Vientiane, Laos, on Sept. 6 that a failure to move ahead with the TPP would "call into question America's leadership."

Administration officials have argued a failure to approve the trade pact would cede ground to China in the region and allow it to increasingly set the terms of world trade.
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