The Bush administration would do well to consider reversing a U.S. ban on Internet gambling instead of paying compensation to U.S. trading partners, senior lawmakers said Monday. House Financial Services Committee Chairman Barney Frank and House Judiciary Committee Chairman John Conyers made the suggestion in a letter Monday to U.S. Trade Representative Susan Schwab. The U.S. has been in negotiation with the EU, India, Japan, Costa Rica, Macao, Canada and Australia on a compensation package. Meanwhile - Antigua is asking the WTO for permission to slap $3.4 billion in *cross retaliation* trade on the United States by suspending copyright protections on American movies, music and software.

Time is running out for the U.S.