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Boehner backs off support for Export-Import bank
Source: Associated Press
Boehner backs off support for Export-Import bank
By ERICA WERNER, Associated Press
Updated 8:57 am, Tuesday, June 24, 2014
WASHINGTON (AP) — Faced with conservative opposition, House Speaker John Boehner is declining to take a position on renewing the Export-Import Bank even though he's supported it in the past.
The Ohio Republican told reporters Tuesday that he has a different job now and needs to work with GOP lawmakers to make sure they're comfortable with what he called a "rather controversial subject."
"Some people believe that we shouldn't have it at all, others believe that we should reauthorize it with significant reforms," Boehner said. "We're going to work our way through it."
The government agency provides loans to help foreign buyers purchase American-made products. Its charter expires in September, and without legislation, it would not be able to back new loans.
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By ERICA WERNER, Associated Press
Updated 8:57 am, Tuesday, June 24, 2014
WASHINGTON (AP) — Faced with conservative opposition, House Speaker John Boehner is declining to take a position on renewing the Export-Import Bank even though he's supported it in the past.
The Ohio Republican told reporters Tuesday that he has a different job now and needs to work with GOP lawmakers to make sure they're comfortable with what he called a "rather controversial subject."
"Some people believe that we shouldn't have it at all, others believe that we should reauthorize it with significant reforms," Boehner said. "We're going to work our way through it."
The government agency provides loans to help foreign buyers purchase American-made products. Its charter expires in September, and without legislation, it would not be able to back new loans.
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Read more: http://www.sfgate.com/news/article/Boehner-backs-off-support-for-Export-Import-bank-5575316.php
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