All is not lost for Ex-Im Bank amid Republican jockeying
World News: 18:08 GMT Friday 27th June 2014. [Yahoo Business News Feed via SPi World News]
By Emily Stephenson and Susan Cornwell WASHINGTON (Reuters) - The U.S. Export-Import Bank, derided by conservative critics as an expensive boondoggle, may win a reprieve from what looked like almost certain death in Congress if enough Republicans can be persuaded to let it live on, but with its wings clipped. Some Republicans who were once opposed to extending Ex-Im's mandate beyond the end of September are now reconsidering, worried that killing off the bank that provides financing to foreign buyers of U.S. exports could leave the nation's companies at a disadvantage against foreign competitors. Others are staying on the fence, waiting to see details of proposals floated by lawmakers in both parties to reform Ex-Im Bank by, for example, stopping it from funding deals with foreign state-owned companies or favoring green exports. Democrats are generally supportive of the bank.
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