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

Two Dead from West Nile in Illinios

Updated
mosquito

Illinois Department of Public Health officials have confirmed two deaths from West Nile virus this year.

in Local

Lawmakers Want to Reverse Child Care Assistance Program Changes

children

Lawmakers are proposing a change to the qualifications for state child care assistance, while at the same time eliminating cuts to that program.

in Local

Borrowers, Do Your Homework

farm progress show

Survey of ag lenders unveiled at Farm Progress Show

in Local

Economic Development Commission Backs Parking Garage Repairs

9-1-15 Economic Development Commission

A project that's been delayed for years may end up going forward, thanks in part to the city's new Economic Development Commission.

in Local

SEIU Urges Override of Rauner Veto

9-1-15 SEIU

The Service Employees International Union used the State Capitol Rotunda to hold a class they say Governor Bruce Rauner is trying to cut.