On Monday the U.S. Senate is expected to vote on the Export-Import Bank bill, which passed overwhelmingly in the House last week. In a trip to Spokane on Friday, Senator Maria Cantwell said the bank helps fund international trade out of states like Washington. She says the bank’s authorization expires at the end of the month.
“It’s really about what are some of the biggest economic opportunities that our country has. Well, we are making products and services that other people want, yet we know we’re going to have to be competitive in doing that. So we have to make sure that those projects can get financing.”
She says she hopes her colleagues on the other side of the isle will see compromise that has been struck on the bill, which allowed for it’s passing in the House. According to Cantwell thousands of businesses, including SCAFCO in Spokane, are waiting on whether they’ll be able to continue selling products overseas. According to the blog "The Hill", Senate Majority leader Harry Reid says the bill could stall today because of Republicans who want to terminate the bank.
Copyright 2012 Spokane Public Radio