Obama urges renewal of US Export-Import Bank, says growing US exports will create jobs

bug


We also have more stories about:
(click the phrases to see a list)

People:

Organizations:

Subjects:

Places:

 


EDGARTOWN, Massachusetts — President Barack Obama is trying to rally support for a taxpayer-subsidized bank that he says creates jobs.

In his weekly radio and Internet address, Obama urges business owners to lobby Congress to renew the U.S. Export-Import Bank.

The bank provides loans, loan guarantees and credit insurance to foreign buyers of U.S. products. But it will cease functioning unless Congress renews its charter before October. Some Republican lawmakers who supported the bank in past years now want to put it out of business.

In the Republican address, party chairman Reince Priebus (ryns PREE'-bus) says there will be less government spending, flexible health care and better education under complete GOP control of Congress. The party needs to pick up six seats in the November elections to win back the Senate.


Obama's address: http://www.whitehouse.gov

Republican address: https://www.youtube.com/user/gopweeklyaddress

All content copyright ©2014 Daily Journal, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Click here to read our privacy policy.