Saturday, October 25, 2014
Loading...





Obama urges renewal of US Export-Import Bank

Obama urges renewal of US Export-Import Bank, says growing US exports will create jobs

Posted on Aug. 23, 2014 at 12:00 a.m. | Updated on Aug. 23, 2014 at 6:02 a.m.

EDGARTOWN, Mass. (AP) — 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 (ryns PREE‘-bus) 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.

Obama’s address: http://www.whitehouse.gov

Republican address: https://www.youtube.com/user/gopweeklyaddress


Recommended for You


 A Sacramento County Deputy Sheriff talks on a mobile phone at the site where a deputy  was shot by an assailant who then carjacked two vehicles prompting a manhunt in Sacramento, Calif., Friday, Oct. 24, 2014.  The deputy was taken to a hospital but his condition is not immediately known.(AP Photo/Rich Pedroncelli)

Posted at 4:02 a.m.
 Student Jaylen Fryberg is seen during a homecoming celebration at Marysville-Pilchuck High School in Marysville, Wash., on Friday, Oct. 17, 2014, in this still frame made from video. Fryberg has been identified as the gunman who walked into his Seattle-area high school cafeteria on Friday and opened fire without shouting or arguing, killing one person and shooting several others in the head before turning the gun on himself, officials and witnesses said. (AP Photo/Jim McGauhey)

Posted at 3:57 a.m.

Posted at 3:07 a.m.
Back to top ^