U.S. trade bank urges lawmakers to renew charter, avoid 'political games'

[riky]

U.S. trade bank urges lawmakers to renew charter, avoid 'political games'

U.S. lawmakers should back a bill renewing the U.S. Export-Import Bank's charter and stop playing "political games" that will only hurt American exports and jobs, the bank's president said on Thursday. Ex-Im Bank President Fred Hochberg said critics of the export credit agency did not appreciate its role in supporting jobs and exports, and he warned the bank would have to close its doors on October 1 unless lawmakers renewed its charter. The White House had sent a bill to Congress to extend the bank's lending limit by $20 billion to $160 billion and allow it to operate for five more years, he said.

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