Politics
Chiding Congress, Obama Urges Fast Ex-Im Bank Renewal

President Barack Obama, center, with Paul Sullivan, left, Vice President of International Business Development at Acrow Bridge, and Susan Jaime, right, CEO Ferra Coffee International, during his meeting with small business owners to discuss the importance of the reauthorization of the Export-Import Bank in the Roosevelt Room of the White House in Washington, Wednesday, July 22, 2015. (AP Photo/Pablo Martinez Monsivais)
JOSH LEDERMAN, Associated Press
ERICA WERNER, Associated Press
WASHINGTON (AP) — Chiding Congress in no uncertain terms, President Barack Obama warned Wednesday that American businesses are suffering while the Export-Import Bank lapses, and called on lawmakers to reauthorize the bank within days.
With Congress nearing its annual August recess, Obama said the U.S. “cannot leave these businesses hanging” by punting a vote to renew the bank until after Congress returns. He said it was a “shame” that the bank had been allowed to expire, and said the lapse puts the U.S. at a disadvantage because “every other advanced country has a program like this” to promote its exports.
“We cannot unilaterally disarm,” Obama said during a meeting in the Roosevelt Room with small businesses affected by the bank’s expiration. “Orders are on hold. Businesses are in danger We need to get this done.”
An obscure federal agency unknown to most Americans, the Export-Import Bank underwrites loans to foreign companies that are purchasing American products, which helps U.S. businesses successfully market their products overseas. Conservatives denounce it as corporate welfare, although Obama insisted that’s not the case. He said the U.S. Treasury actually benefits because the government makes money from the bank.
The bank’s charter expired June 30 for the first time in its 81-year history because of congressional inaction. With conservative opponents celebrating its demise, prospects to revive it are uncertain.
Supporters in the Senate are hoping to add it to must-pass highway legislation now being considered — and they have the votes to prevail — but the underlying highway legislation may run into trouble. The House has passed its own, shorter highway bill without the Export-Import Bank included, and House Republicans are opposed to the Senate bill.
The White House not only supports adding the bank’s reauthorization to the bill, but “insists” that it be added to the crucial highway legislation, White House spokesman Josh Earnest said on Wednesday.
Complicating matters, Congress’ legislative session is drawing near its close, so supporters face the prospect of running out of time to push the Export-Import Bank across the finish line before lawmakers leave Washington for their annual August recess.
“This should be a no-brainer,” Obama said.
The bank cannot currently make new loans or guarantees but remains in business to service billions in outstanding loans and guarantees. However its funding runs out Sept. 30 so if Congress does not act before then to revive it, its outlook becomes even more shaky.
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Reach Josh Lederman on Twitter at http://twitter.com/joshledermanAP and Erica Werner at http://twitter.com/ericawerner
Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Activism
Remembering George Floyd
BLACKPRESSUSA NEWSWIRE — Minnesota State Attorney General Keith Ellison acknowledges that the Floyd case five years ago involved a situation in which due process was denied, and five years later, the president is currently dismissing “due process. “The Minnesota Atty General also says, “Trump is trying to attack constitutional rule, attacking congressional authority and judicial decision-making.” George Floyd was an African American man killed by police who knocked on his neck and on his back, preventing him from breathing.

By April Ryan
BlackPressUSA Newswire
“The president’s been very clear he has no intentions of pardoning Derek Chauvin, and it’s not a request that we’re looking at,” confirms a senior staffer at the Trump White House. That White House response results from public hope, including from a close Trump ally, Georgia Congresswoman Marjorie Taylor Greene. The timing of Greene’s hopes coincides with the Justice Department’s recent decision to end oversight of local police accused of abuse. It also falls on the fifth anniversary of the police-involved death of George Floyd on May 25th. The death sparked national and worldwide outrage and became a transitional moment politically and culturally, although the outcry for laws on police accountability failed.
The death forced then-Democratic presidential candidate Joe Biden to focus on deadly police force and accountability. His efforts while president to pass the George Floyd Justice in policing act failed. The death of George Floyd also put a spotlight on the Black community, forcing then-candidate Biden to choose a Black woman running mate. Kamala Harris ultimately became vice president of the United States alongside Joe Biden. Minnesota State Attorney General Keith Ellison prosecuted the cases against the officers involved in the death of Floyd. He remembers,” Trump was in office when George Floyd was killed, and I would blame Trump for creating a negative environment for police-community relations. Remember, it was him who said when the looting starts, the shooting starts, it was him who got rid of all the consent decrees that were in place by the Obama administration.”
In 2025, Police-involved civilian deaths are up by “about 100 to about 11 hundred,” according to Ellison. Ellison acknowledges that the Floyd case five years ago involved a situation in which due process was denied, and five years later, the president is currently dismissing “due process. “The Minnesota Atty General also says, “Trump is trying to attack constitutional rule, attacking congressional authority and judicial decision-making.” George Floyd was an African-American man killed by police who knocked on his neck and on his back, preventing him from breathing. During those minutes on the ground, Floyd cried out for his late mother several times. Police subdued Floyd for an alleged counterfeit $20 bill.
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