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Kevin A. McCarthy
Boehner: Killing Export-Import Bank risks thousands of jobs

Thousands of jobs would "disappear pretty quickly" if the Export-Import Bank were to expire abruptly when its charter runs out at the end of June, House Speaker John Boehner said on Thursday. The Ohio Republican has asked Financial Services Chairman Jeb Hensarling, R-Texas, to come up with a plan to overhaul or wind down the operations of the bank, which helps finance exports of U.S. products such as jetliners and wind turbines. "There are thousands of jobs on the line that would disappear pretty quickly if the Ex-Im Bank were to disappear. So I told the chairman he needs to come up with a plan," Boehner told reporters. "Because the risk is that if he does nothing,...

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