Export-Import Bank

White House Casts Budget Deal as Jobs Engine

President Barack Obama (Tom Williams/CQ Roll Call file photo)

The White House is describing a budget and debt deal it struck with congressional leaders as a job-creation engine, a day before a key Senate vote on the measure.  

The Obama administration used a statement about gross domestic product growth during the third quarter of 2015 to predict the sweeping fiscal plan would create "an estimated 340,000 jobs in 2016." The Senate is on track for a Friday procedural vote on the deal after the House passed it , with mostly Democratic votes, on Wednesday.  

Three Races in Which Export-Import Bank Could Be an Issue

Walberg opposes reauthorization of the Export-Import Bank, and his Democratic opponent is ready to make it an issue in Michigan's 7th District. (Bill Clark/CQ Roll Call File Photo)

Updated 11:20 a.m. |  In a handful of competitive races around the country, the Democratic Congressional Campaign Committee and its recruits intend to make an issue of the Export-Import Bank charter's lapse, especially now that large American corporations are blaming Congress for lost contracts and American jobs .  

The jobs General Electric will create overseas either already exist or would have been created in Maine, New York, Texas and South Carolina.  

Little-Understood Export-Import Bank Becomes Politically Significant

Poliquin hasn't announced an official position on the bank. Above, he participates in the House Financial Services Committee on the bank in June. (Bill Clark/CQ Roll Call File Photo)

Updated 11:30 a.m. |  No politician wants to be accused of jeopardizing jobs in his or her state.  

That's the corner GOP Rep. Bruce Poliquin found himself in  this fall, when Democrats attacked him for being out of touch with his district on reauthorization of the Export-Import Bank.  

Schumer Casts More Doubt on Big Highway and Tax Deal

Schumer takes questions from reporters Tuesday. (Al Drago/CQ Roll Call)

Sen. Charles E. Schumer is "not optimistic" about getting a big deal on international taxes to fund a robust highway bill.  

The New York Democrat, who is No. 3 in caucus leadership, has been working with House Ways and Means Chairman Paul D. Ryan, R-Wis., and Republican Sen. Rob Portman of Ohio to find revenue from an overhaul of international taxation that could fund a surface transportation bill.  

Senate Votes to Revive Export-Import Bank, Keep Obamacare (Updated)

McConnell set up Sunday's victory for Ex-Im Bank supporters. (Bill Clark/CQ Roll Call File Photo)

Updated 4:57 p.m. | In a pair of losses for conservatives, the Senate voted overwhelmingly Sunday to revive the Export-Import Bank while failing to overcome a filibuster of an attempt to repeal Obamacare — with more fireworks to come.  

The rare Sunday votes set the stage for the Senate to send a long-term highway bill tied to the Ex-Im Bank to the House later this week, but not before facing other gambits by conservatives, including a procedural vote forced by Sen. Ted Cruz regarding the Iran deal and an effort to deploy a maneuver akin to the "nuclear option." The Senate quickly adjourned for the night after holding the series of votes. The Obamacare repeal failed 49-43, well shy of the 60 votes needed to overcome a filibuster and attach the repeal to the bill aimed at avoiding a highway program shutdown at the end of July.  

Six Senators Demand Ex-Im Bank Liquidation Plan

Cruz, Lee and Rubio are among those pushing for a liquidation plan for the Export-Import Bank. (Tom Williams/CQ Roll Call File Photo)

Ex-Im Bank supporters were wrong if they thought the bank’s opposition would trail off after the charter’s authorization expired on June 30.  

Six Republican senators Wednesday demanded a plan for “orderly liquidation” of the bank in a letter to Chairman Fred Hochberg.  

Obama Makes Op-Ed Push to Revive Export-Import Bank

The Export-Import Bank charter has lapsed. (Screenshot)

As the charter for the Export-Import Bank was lapsing, President Barack Obama penned opinion pieces in a number of newspapers across the country asking readers to pressure their lawmakers to bring it back.  

"Your members of Congress are home this week. So if you're a small business owner – or an employee of a large business that depends on financing to sell in new markets and create new jobs – tell your senators to quit treating your business like it's expendable. Tell your representative to stop the delays," Obama writes in the version published in Wednesday's Birmingham News . "It's time for Congress to do its job, and keep America's exports growing."  

Ex-Im Bank Could Hitch a Ride on Highway Bill (Video)

McConnell says an "obvious" place for an Ex-Im Bank vote would be on the highway bill. (Bill Clark/CQ Roll Call)

It looks like the Export-Import Bank will hitch a ride on the highway bill.  

Senate Majority Leader Mitch McConnell said Tuesday the highway bill would be the "obvious place" for a vote to keep the bank alive. That'd be over the objections of one Sen. Ted Cruz, R-Texas, who ripped GOP leaders earlier Tuesday and demanded they commit to killing the bank . Ex-Im Bank May Be Attached to Highway Bill

Export-Import Bank Has Big Majority in Senate Vote

Heitkamp is the lead Democratic backer of the Export-Import Bank. (Chris Maddaloni/CQ Roll Call File Photo)

A filibuster-proof Senate majority backed the Export-Import Bank Wednesday night, but prospects for extending its charter before it expires at the end of the month remain doubtful.  

Sixty-five senators, including 22 Republicans, backed an amendment to extend the bank in a test vote, while 31 voted to kill it.