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.
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.
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
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.
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
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.
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.
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.
WASHINGTON (Reuters) – The man who lost this week’s race for No. 2 Republican in the U.S. House of Representatives said on Friday he will spend the coming months getting to know his fellow lawmakers better, but declined to say whether he would mount another leadership challenge in the fall.
Representative Raul Labrador, a Tea Party favorite, said he did not even know some of the 233 Republicans in the chamber before he launched his long-shot bid for House Majority Leader last week. Now he is reassessing his future options.
WASHINGTON (Reuters) – U.S. House of Representatives Republicans on Thursday chose an ally of Speaker John Boehner for the No. 2 job in the chamber, a setback for some conservatives hoping to use a leadership election to boost their influence.
Representative Kevin McCarthy of California, already the third-ranking House Republican, was chosen to replace Eric Cantor as majority leader. He will control the House floor and help decide the party’s legislative priorities.
WASHINGTON (Reuters) – House of Representatives Republicans on Thursday chose an ally of Speaker John Boehner for the No. 2 job in the chamber and, in a victory for the party’s conservative wing, elevated a Southern lawmaker to a leadership role.
Representative Kevin McCarthy of California, already the third-ranking House Republican, was chosen to replace Eric Cantor as majority leader, Republican aide Riva Litman said.