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BALI, Indonesia – Talks on a trans-Pacific trade pact are forging ahead with hopes of meeting a year-end deadline, officials said Saturday, despite President Barack Obama’s absence due to the government shutdown.
Obama had intended to thrash out issues with leaders of the 11 other trans-Pacific Partnership, or TPP, member countries on the sidelines of the Asian-Pacific regional summit in Bali on Monday and Tuesday.
Instead he ended up shelving the trip to focus on resolving the standoff over funding the U.S. government.
“I do want to make clear none of what is happening in Washington diminishes by one iota our commitment to our partners in Asia, including our efforts to promote trade and investment throughout the region,” Secretary of State John Kerry, who is standing in for Obama, said Saturday.
Both Kerry and U.S. Trade Representative Michael Froman said Saturday that ministers were determined to put together a framework for the U.S.-led TPP, a trading bloc that Obama considers a vital part of the “rebalancing” of U…

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5.5 year – 2.95%

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This GIC rate is offered by Outlook Financial and was updated on 2013-09-16. Click on the link above to get more details or apply online.

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An unmistakable sense of unease is growing in global capitals as the U.S. government from afar looks increasingly befuddled. America is shirking from a military confrontation in Syria, stymied at home by a gridlocked Congress and in danger of defaulting on sovereign debt, which could plunge the world’s financial system into chaos.
While each may be unrelated to the direct exercise of U.S. foreign policy, taken together they give some allies the sense that Washington is not as firm as it used to be in its resolve and its financial capacity, providing an opening for China or Russia to fill the void, an Asian foreign minister told a group of journalists in New York this past week.
Concerns will only deepen now that President Barack Obama cancelled travel this weekend to the Asia Pacific Economic Cooperation Forum in Bali and the East Asia Summit in Brunei. He decided to stay home to deal with the government shutdown and looming fears that Congress will block an increase in U.S. borrowing power, a move that could lead to a U…

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