News

Sen. Kirk Makes the Case for the Export-Import Bank

Sen. Kirk Makes the Case for the Export-Import Bank

U.S. Senator Mark Kirk (R-Ill.) says he’s against the calls from members of his own party to get rid of the Export-Import Bank.

The bank, which was first established in 1934, has until Sept. 30 before its authorization expires. A faction of Republicans in Congress has attacked the bank for working mostly with larger corporations, but Kirk believes killing it off would have an impact on businesses in Illinois.

“We’ll probably have less employment in Peoria, less employment in Rockford,” Kirk said. “It’s exactly the wrong direction for Illinois.”

The bank provides financing to foreign buyers of U.S. exports. It’s been reauthorized sixteen times since it was first established, the last coming in 2012. The current proposal would renew the bank’s charter for seven years.

Recent Headlines

in Local

Springfield IG Position On Hold Pending Ward 10 Appointment

municipalcenter

An ordinance is on the table to create the Office of Inspector General, which could be a full time or part time contractual employee.

in Local

Springfield Prayer Vigil Held in Wake of Ferguson Riots

Hands

Riots in Ferguson spark frank discussions in Springfield

in Local

Man Takes Money, Jewelery From North End Store

gun

Springfield Police are looking for a man that robbed a north end payday loan store Tuesday morning.

in Local

Christian County Authorities Investigate Baby Death

medical

A one month old baby is dead in Kincaid.

in Local

Illinois Ebola Hotline Suspended

ebola

The number of calls to it has fallen sharply.