Brad Choat (@choatsnews)By Brad Choat

WASHINGTON (KMOX) – Sen. Claire McCaskill is hopeful Congress will extend the federal Export-Import Bank’s charter through June.

“This is not crony capitalism,” she says. “The vast majority, over 80 percent, of the businesses in Missouri that are utilizing this tool are small businesses, not big businesses.”

The bank provides loans, credit insurance and loan guarantees to help foreign buyers purchase American goods.

House Republican leaders want to include the extension as part of a bill to avoid a government shutdown at the end of September.

Republican House Speaker John Boehner is working on a compromise plan to keep the bank going, at least through June.

Democrats have sought a longer-term extension of up to five years.

(TM and © Copyright 2014 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2014 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)



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