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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.

Jun 20, 2014

Losing House Republican calls party contest a building block

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.

Jun 19, 2014

Republicans elevate Boehner ally to No. 2 House job

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.

Jun 19, 2014

Republicans pick Boehner allies for leadership roles

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.

Jun 19, 2014

Republicans pick Kevin McCarthy as House majority leader

WASHINGTON (Reuters) – 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 conservative lawmakers 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, a Republican aide announced.

Jun 16, 2014

Can a Louisianan unite warring U.S. Republican factions?

WASHINGTON (Reuters) – A Louisiana conservative seeking to be the No.3 Republican in the U.S. House of Representatives has the potential to be a bridge between the party’s leadership and Tea Party rebels.

Representative Steve Scalise is a staunch conservative who, in assessing President Obama’s first 100 days in office in 2009, gave him a grade he considers far worse than an “F” for failure – an “L” for Liberal.