News Content
US Ex-Im Bank hope for 2-3 month reprieve before charter expires September 30
HOPES of saving the US Export-Import Bank that provides cheap money to the likes Boeing, Caterpillar and General Electric, are pinned on hopes of a two- to three-month stopgap that will carry the bank beyond September 30 when its charter expires.
Influential lawmakers such as new House Majority leader Kevin McCarthy and House Financial Services Committee chairman Jeb Hensarling - both Republicans - favour letting the bank抯 charter expire, Reuters reports.
Congress is in session for only part of September and it has been argued that more time is needed to negotiate a reauthorisation bill.
The bank's existence has become a cause for Republicans who have said it is a government programme that should be cut because it subsidises big companies that don't need help and puts taxpayers at risk.
Supporting the bank is the Coalition for Employment through Exports (CEE) president John Hardy. "We still have our fingers crossed that we might be able to get votes in both the House and Senate," he said.
CEE is drawing attention to businesses that benefit from the bank in regions where lawmakers who oppose the bank, targeting Indiana, North and South Carolina, Pennsylvania, New Jersey and Florida.
Influential lawmakers such as new House Majority leader Kevin McCarthy and House Financial Services Committee chairman Jeb Hensarling - both Republicans - favour letting the bank抯 charter expire, Reuters reports.
Congress is in session for only part of September and it has been argued that more time is needed to negotiate a reauthorisation bill.
The bank's existence has become a cause for Republicans who have said it is a government programme that should be cut because it subsidises big companies that don't need help and puts taxpayers at risk.
Supporting the bank is the Coalition for Employment through Exports (CEE) president John Hardy. "We still have our fingers crossed that we might be able to get votes in both the House and Senate," he said.
CEE is drawing attention to businesses that benefit from the bank in regions where lawmakers who oppose the bank, targeting Indiana, North and South Carolina, Pennsylvania, New Jersey and Florida.
Latest News
- For the first time, tianjin Port realized the whole process of dock operati...
- From January to August, piracy incidents in Asia increased by 38%!The situa...
- Quasi-conference TSA closes as role redundant in mega merger world
- Singapore says TPP, born again as CPTPP, is now headed for adoption
- Antwerp posts 5th record year with boxes up 4.3pc to 10 million TEU
- Savannah lifts record 4 million TEU in '17 as it deepens port
