My previous post about Congressional in-fighting preventing the extension of trade preferences was quickly overtaken by events. To my surprise, the lame-duck Congress hammered out a better-than-expected trade package, though it will likely be passed as part of a bloated catch-all bill that has been thrown together in a process that short-changes transparency and accountability.
CGD Policy Blogs
From the Washington Post on December 5, 2006:
It shouldn't matter whether you're conservative or liberal, for globalization or against: Some trade bills are so obviously beneficial and unobjectionable that there's no excuse for letting them languish. This is the case with a raft of measures that would extend trade preferences for poor countries - preferences due to expire at the end of the year.