John Campbell
Export-Import Bank supporters seek time for reforms

Republican lawmakers who want to save the Export-Import Bank pushed for changes to its operations as they tried to balance strong conservative opposition to the agency with vocal support from business executives worried its disappearance would harm the economy. During a six-hour House Financial Services Committee hearing Wednesday, supporters said they were concerned that allowing the bank's charter to expire Sept. 30 would damage U.S. companies because China, Russia and many European nations have similar programs to boost their exports. "If we just end our Export-Import Bank, I believe we are giving advantage to our foreign competitors," said Rep. Peter King (R-N.Y.). ...