U.S. House Committee on Appropriations

Export-Import Bank may get a reprieve

Export-Import Bank may get a reprieve

The Export-Import Bank, in danger of closing at the end of the month because of strong conservative opposition, neared a reprieve late Tuesday as Republican leaders included a nine-month extension of its charter in a short-term budget bill.

The provision came after House Speaker John A. Boehner (R-Ohio) told reporters that he has been working with House Financial Services Committee Chairman Jeb Hensarling (R-Texas), who has been rallying opposition to the 80-year-old agency, to find a way to reauthorize the bank's charter before it expires Sept. 30.

"He thinks that a temporary extension of the Export-Import Bank is in order," Boehner said.

The speaker's...