Tuesday 15 July 2014

Senate's Reid looks for way to reauthorize Ex-Im bank

Senate Majority Leader Reid speaks at a press conference about a bill to restore the contraceptive coverage requirement guaranteed by the Affordable Care Act on Capitol Hill in Washington By Susan Cornwell WASHINGTON (Reuters) - Senate Democrats sought to rescue the U.S. Export-Import Bank on Tuesday, insisting it would save American jobs. Senate Majority Leader Harry Reid, a Democrat, scheduled meetings with other lawmakers. Ex-Im offers financing to foreign buyers of U.S. goods, providing loan guarantees and insurance to local exporters as well as credit to purchasers abroad of U.S. exports. Neither the House of Representatives nor the Senate has acted, and an August recess looms.




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