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export-import bank

Weekly Address: President Obama – The Export-Import Bank

The President’s Weekly Address post is also an Open News Thread. Feel free to share other news stories in the comments.

 

From the White HouseWeekly Address

In this week’s address, the President highlighted the progress made towards rebuilding our economy, including the creation of nearly 10 million new private sector jobs in the past 53 months and the rise in the number of American exports to an all-time high. That growth is in part thanks to the actions of the U.S. Export-Import Bank, an organization that creates American jobs by helping to take American businesses global. The charter of the Export-Import Bank is slated to expire next month, unless Members of Congress renew it, as has happened 16 times in the past with support from Democrats and Republicans. The President asked business owners and employees to reach out to their representatives, who are home this month, and let them know how important it is that the Export-Import Bank continue its work so that American businesses can continue to grow.