key republican wants to kill us exportimport bank
Saturday 5 July 2025
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

Key Republican wants to kill US export-import bank

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice Key Republican wants to kill US export-import bank

Kevin McCarthy
Washington - AFP

The next Republican majority leader in the House of Representatives said Sunday he favors shuttering the US Export-Import Bank, which helps finance the export of American goods and services abroad.
The government agency supports exporters like Boeing or General Electric with export credit insurance, and provides loan guarantees as well as direct loans.
Numerous Republicans, however, would like that role to be filled by the free market -- not by a taxpayer-funded public body. For this reason, they want to let the bank's lending authority and charter expire in September.
"One of the problems with government is they take hard-earned money so others do things that the private sector can do," Congressman Kevin McCarthy told "Fox News Sunday."
"I think Ex-Im bank is one that government does not have to be involved in."
Asked if he would allow the bank to expire in the fall, McCarthy said: "Yes, because it's something that the private sector can be able to do."
The California Republican was elected House majority leader on Thursday after the resignation of Eric Cantor, following his stunning ouster by a more conservative primary challenger.
Cantor, whom McCarthy will formally replace in August, has supported the existence of the bank.
The conservatives' assault on the bank is part of their effort to reduce the role and spending of the federal government.
Republicans control the House of Representatives, while Democrats hold the Senate and the White House.   
In 2013, the Export-Import Bank supported around $37 billion worth of exports with its loan, guarantee and insurance programs, according to its annual report.
One of its main beneficiaries is aerospace giant Boeing, which opposes efforts to get rid of the agency.

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

key republican wants to kill us exportimport bank key republican wants to kill us exportimport bank

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

key republican wants to kill us exportimport bank key republican wants to kill us exportimport bank

 



GMT 10:31 2014 Tuesday ,23 December

Mirages of failure: Lebanon cannot wait

GMT 06:15 2018 Tuesday ,23 January

Volkswagen clinches record sales

GMT 21:11 2017 Wednesday ,11 October

Catalan leader faces pressure to abandon secession

GMT 10:24 2012 Saturday ,18 August

Couch inspired by the shape of spider legs

GMT 14:52 2011 Tuesday ,04 October

Mohamed Hinidi\'s mother passes away

GMT 10:11 2012 Thursday ,01 March

The Monkees Davy Jones dies at 66

GMT 11:39 2017 Saturday ,30 December

BA owner to buy bankrupt Austrian airline Niki

GMT 07:41 2017 Wednesday ,27 December

Syrian refugees in Lebanon drop below one million

GMT 13:03 2016 Saturday ,19 November

For record €1.55m in Paris
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice