U.S. Senate Democrats hold rescue talks on Ex-Im Bank

Senate Majority Leader Reid speaks at a press conference about a bill to restore the contraceptive coverage requirement guaranteed by the Affordable Care Act on Capitol Hill in WashingtonBy Susan Cornwell WASHINGTON (Reuters) – U.S. Senate Democrats said they were working to rescue the U.S. Export-Import Bank on Tuesday, insisting it would save American jobs. Senate Majority Leader Harry Reid, a Democrat, scheduled meetings with other lawmakers. Neither the U.S. House of Representatives nor the Senate has acted, and an August recess looms. Senator Joe Manchin, a Democrat from coal-producing West Virginia, met Reid and other Senate Democratic leaders to discuss Manchin’s proposal to reauthorize the bank for five years while including a provision expanding the number of countries where Ex-Im can finance coal-fired power plants.

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