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Matt Salmon

Ex-Im backers fret over its future as US House ignores bank

WASHINGTON The U.S. Export-Import Bank won't be revived until at least September if ever. Congress is headed toward approving a three-month highway funding extension drafted by the House that makes no mention of reauthorizing Ex-Im. Less than 24 hours earlier, bank supporters had celebrated the Senate's vote amending its highway plan to revive the bank through September 2019. "The hard right is running the Republican Party," said Sen. Chuck Schumer, the chamber's third-ranking Democrat. "Republicans are leaving Ex-Im shuttered for the summer." The 81-year-old bank's charter expired June 30, preventing it from approving new applications for loans,...

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