James 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.