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From VOA Learning English, this is the Economics Report.
There is a policy dispute in Washington over a government agency that helps exporters. On one side is the American business community. On the other side are conservative Republican Party lawmakers. Unless Congress takes action, the Export-Import Bank of the United States could be forced to stop accepting new customers at the end of June. The bank provides loans and other help to buyers of U.S. products.
W.S. Darley and Company makes fire trucks in the United States, and sells them world-wide. Their Chief Executive Officer says customers can spread their payments out over a period of time, making them more affordable. Business leaders and officials say small companies making products from pickles to ice cream have received help from the agency. The bank’s supporters say U.S. exports would slow without help from the government agency. The Export-Import Bank also provides help to big companies. The aircraft maker Boeing says it would have to move some of its manufacturing jobs overseas without the help it receives. But Delta Airlines says the bank has helped foreign customers buy airplanes from Boeing at a lower cost than Delta can. The airline company says that hurts its profits and U.S. aviation jobs. Recently the House of Representatives’ Financial Services Committee held hearings. Republican Texas Congressman Jeb Hensarling chairs the committee. He says big companies get most of the bank’s help. But supporters say the Export-Import Bank provides important help when competing with government-supported foreign companies.