May 22

Senate clears White House-backed trade bill

In a victory for President Barack Obama, the Senate passed bipartisan legislation Friday night to strengthen the administration's hand in global trade talks, clearing the way for a highly unpredictable summer showdown in the House.

Editor's Note: As the trade debate rages in Congress, we wanted to understand the actual legislation now on the Senate floor. Political Director Lisa Desjardins read through the bill, which would give the president "fast-track" trade authority. This is the…