Wednesday, April 7, 2010 as of 11:14 AM ET
The House of Representatives on Wednesday voted to renew the U.
S. Export-Import Bank's charter until September 2014 and gradually raise its lending cap to $140 billion, disappointing conservative groups who want the nearly 80-year-old bank to die.The bill now goes to the Senate, which is under pressure to approve the legislation before the Ex-Im Bank's temporary charter to operate expires on May 31. The White House wanted a four-year renewal, but supports the House bill.The 330-93 House vote is welcome news for U.S. aircraft manufacturer Boeing <BA.N>, the bank's biggest beneficiary. Other top customers include General Electric <GE.N>, Caterpillar <CAT.N> and global engineering and construction company KBR Inc <KBR.N>.The government credit agency provides direct loans and other financing assistance to help U.S. exporters make sales in markets too risky for private lenders.Bank officials say they are fast approaching their current $100 billion credit cap because of record demand for Ex-...
House Majority Leader Rep. Eric Cantor argues tax cuts should be extended for one year.
Rep. Bill Johnson, (R-Ohio), on efforts to give Congress power to approve any regulation that would cost the economy $100 million or more.
By Doug Palmer and Paul EckertWASHINGTON (Reuters) - The Treasury Department said on Friday it would delay until later this year a ruling on whether China is manipul...
Bob Hormats, undersecretary of Economic, Energy & Agricultural Affairs, weighs in on free trade and how the U.S. should handle its trade issues with China.
U.S. Democratic lawmakers vowed Friday to keep pressing for a vote on China currency legislation, now blocked by Republican leaders, which they said is vital for U.S...
A U.S. Senate panel on Tuesday backed long-delayed trade pacts with South Korea, Colombia and Panama that are expected to boost U.S. exports by about $13 billion a y...
Rep. Jeb Hensarling, (R-Texas), on why the debt ceiling deal falls short in achieving a solution to the government’s debt crisis.
WASHINGTON (Reuters) - Republicans in the House of Representatives on Thursday delayed a vote a short-term bill to raise the nation's debt limit by $900 billion, Dem...
Republicans and Democrats rushed to rework rival deficit reduction plans Wednesday, but with the fate of both proposals heavily in doubt top lawmakers pursued a behi...
Rep. John Fleming, (R-La.), on efforts to cut spending and balance the government’s budget.
Rep. Kurt Schrader, (D-Ore.), on the negotiations over the debt ceiling and spending cuts.
FNC’s Greta Van Susteren on the Republicans’ call for reduced spending.
House lawmakers approved a three-year reauthorization of a federal agency that provides assistance to U.S. firms selling generally big-ticket goods abroad, and that ...
House lawmakers on Wednesday voted to renew the charter of the Export-Import Bank following a deal between a top Republican and Democrat. In a vote of 330 to 93, the...
House Minority Whip Steny Hoyer (D., Md.) expressed confidence that most House Democrats would vote for a compromise agreement he reached with House Majority Leader ...
The Republican-led U.S. House of Representatives defied a veto threat by President Barack Obama on Friday and voted to take money from his healthcare overhaul to ext...
To paraphrase John F. Kennedy, the best welfare program is a job.That truth becomes more urgent due to this stunning new finding: nearly eight million of America’...
Time to visit the highlight reel of President Barack Obama’s past State of the Union addresses, as the president speaks to the nation Tuesday night.Keep in mind the ...
Rep. Greg Walden, (R-Ore.), on efforts to reach a compromise on an extension of the payroll tax cut.
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