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On Machine Shop Floor, Senators Say Ex-Im Bank Deserves Renewal

NEW BRITAIN — Saying he was pleased to root the Export-Import Bank debate "right here on the factory floor," Sen. Chris Murphy thanked Mario Francalangia, whose family owns B & F Machine Co., for inviting him and Sen. Richard Blumenthal to speak Friday. The federal agency, known as the Ex-Im Bank, largely offers guarantees on low-interest loans to foreign customers of U.S. companies. Boeing is by far the biggest beneficiary, which means indirectly, General Electric Aviation and its suppliers benefit, and to a lesser degree, Pratt & Whitney does as well. As of July 1, the bank's charter expired and it hasn't been renewed, as libertarians and Tea Party Republicans...

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