WASHINGTON — President Obama put a priority on exports, opening new markets, trade enforcement and cracking down on counterfeit products by proposing significant increases in funding for agencies governing trade in the federal budget blueprint he submitted to Congress on Tuesday.
Obama’s $3.9 trillion budget proposal for fiscal year 2015, which begins Oct. 1, would increase funding for trade agencies. Obama’s plan is unlikely to pass as it stands, but serves as a guide to help Democrats in Congress heading into November’s midterm elections. The budget blueprint also sends a signal to the business community that the President is placing an emphasis on international trade.
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