Susan's Feed
Jul 22, 2014

U.S. Senate Democrats want to cut $1 billion from Obama border request

WASHINGTON (Reuters) – U.S. Senate Democrats are proposing to cut $1 billion from President Barack Obama’s $3.7 billion emergency funding request to deal with a surge of some 57,000 undocumented Central American children across the southern border, a Senate Democratic aide said on Tuesday.

Obama on July 8 asked lawmakers to approve $3.7 billion to bolster border security and speed deportation proceedings, but Congress has yet to take action on the request. At a luncheon on Tuesday, Senate Democrats discussed what their response should be.

Jul 21, 2014

U.S. congressman raps Boeing, trade group on Ex-Im bank

WASHINGTON (Reuters) – A Republican House committee chairman scolded Boeing Co and a large U.S. trade group on Monday for lobbying to keep the Export-Import Bank alive, saying their efforts amounted to petitioning for “special privilege.”

Representative Jeb Hensarling wrote a scathing letter to Jay Timmons, president of the National Association of Manufacturers, and James McNerney, chairman of Boeing, referring to reports they were visiting lawmakers to promote the reauthorization of the bank.

Jul 18, 2014

Boehner uncertain Congress can act on border crisis this month

WASHINGTON (Reuters) – U.S. House Speaker John Boehner on Thursday expressed doubts Congress would agree by the end of this month on an emergency response to the crisis involving an influx of thousands of child migrants at the U.S. southern border.

President Barack Obama, a Democrat, has requested $3.7 billion in emergency funds to bolster border security and speed up deportations.

Jul 17, 2014

U.S. House committees demand info from Ex-Im bank

WASHINGTON, July 17 (Reuters) – U.S. House of
Representatives committees demanded extensive information from
the Export-Import Bank on Thursday, including communications on
reported allegations of kickbacks there, as Congress grapples
with whether to reauthorize the bank’s charter.

The House Oversight and Government Reform Committee, which
is headed by Representative Darrell Issa and has broad
investigative powers, wrote to bank Chairman Fred Hochberg
requesting documents on allegations that four officials were
suspended or removed as investigators looked into charges of
improper gifts and kickbacks.

Jul 17, 2014

Boehner unsure Congress can act on border crisis this month

WASHINGTON (Reuters) – U.S. House Speaker John Boehner on Thursday expressed doubts Congress would agree by the end of this month on an emergency response to the crisis involving an influx of thousands of child migrants at the U.S. southern border.

President Barack Obama, a Democrat, has requested $3.7 billion in emergency funds to bolster border security and speed up deportations. Boehner said the Republican-run House of Representatives had been discussing the matter all week but had not come to any decisions on its response to Obama’s request.

Jul 15, 2014

U.S. Senate Democrats hold rescue talks on Ex-Im Bank

WASHINGTON, July 15 (Reuters) – U.S. Senate Democrats said
they were working 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. The 80-year-old bank will be
forced to close unless Congress acts to renew its charter by
Sept. 30.

Jul 15, 2014

U.S. Senate’s Reid looks for way to reauthorize Ex-Im bank

WASHINGTON (Reuters) – U.S. 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. The 80-year-old bank will be forced to close unless Congress acts to renew its charter by Sept. 30.

Jul 9, 2014

U.S. Democrats grapple with own divisions over renewing Ex-Im Bank

WASHINGTON, July 8 (Reuters) – U.S. Democrats are struggling
with their own differences over legislation to renew the
Export-Import Bank’s charter, an issue that has long been a
source of tension between Tea Party and pro-business
Republicans.

Democrats, who control the Senate, largely favor keeping
alive the bank. The agency, which provides credit to foreign
purchasers of U.S. exports, will be forced to close its doors if
Congress does not act to renew its charter by Sept. 30.

Jun 27, 2014

All is not lost for Ex-Im Bank amid Republican jockeying

WASHINGTON (Reuters) – The U.S. Export-Import Bank, derided by conservative critics as an expensive boondoggle, may win a reprieve from what looked like almost certain death in Congress if enough Republicans can be persuaded to let it live on, but with its wings clipped.

Some Republicans who were once opposed to extending Ex-Im’s mandate beyond the end of September are now reconsidering, worried that killing off the bank that provides financing to foreign buyers of U.S. exports could leave the nation’s companies at a disadvantage against foreign competitors.

Jun 24, 2014

U.S. export lender in jeopardy as Republicans pull support

WASHINGTON (Reuters) – A push to save the United States’ export credit agency struck a new hurdle on Tuesday when Congress’s top Republican refused to throw his support behind the Export-Import Bank after news that bank staff were under investigation for graft.

The bank’s charter must be renewed by Sept. 30 for it to continue operating but the allegations of fraud have added to long-running criticism of handouts to big business and meddling by the government in the private sector.