James McNerney: Boeing Mulls Partial Overseas Shift Without Ex-Em Bank Reauthorization

BoeingLogo1 EbizJames McNerney, Boeing’s board chairman, has said the company could move some of its work abroad if lawmakers do not work past their disagreements over whether to reauthorize the Export-Import Bank, the Washington Post reported Friday.

Amrita Jayakumar writes the House did not renew the bank’s charter that was approved in the Senate version to extend funding for Ex-Im through Oct. 29.

MarketWatch reports the Senate moved to amend a highway bill in an effort to revive the Export-Import Bank after its charter expired June 30.

McNerney told an Economic Club event in Washington that the bank helps large corporations provide aid to American-owned small businesses, according to the Post.

“We have kept our jobs and technology in this country in part because of that arrangement,” McNerney told the event.

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