Obama Urges Renewal of US Export-Import Bank

Saturday, 23 Aug 2014 07:18 AM

 

  Comment  |
   Contact  |
  Print  
|  A   A  
  Copy Shortlink

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 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.


© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  Comment  |
   Contact  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Ex-Official: Defense Secretary's Skill Set Changing

Wednesday, 26 Nov 2014 17:07 PM

The skills needed to run the Defense Department have changed in the past two years since Chuck Hagel took the reins, say . . .

Insiders: Hagel Not the Only Problem With Foreign Policy Team

Wednesday, 26 Nov 2014 13:31 PM

Getting rid of Defense Secretary Chuck Hagel isn't going to be the solution for repairing the problems with President Ba . . .

Sen. Portman on Prez Bid: 'Let's Legislate' Before Talking 2016

Wednesday, 26 Nov 2014 13:04 PM

Ohio Sen. Rob Portman pushed back on any suggestion that he is running for president, even as several headlines have sug . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved