By David Lawder WASHINGTON (Reuters) - The U.S. House of Representatives on Thursday voted to pass a multi-year transportation funding bill that also would revive the idled Export-Import Bank, but final provisions are subject to negotiations with the Senate. The overwhelming 363-64 vote handed new House Speaker Paul Ryan his first legislative victory. The measure authorizes federal spending on road, bridge and rail transit infrastructure projects for six years and provides guaranteed funding for three years, about $339 billion. Its passage takes EXIM, idled since the trade bank's charter expired on June 30, a major step closer to being put back in business offering loans and guarantees to support U.S. exports. Conservative Republican critics of the trade finance agency have argued that EXIM should be closed permanently because it provides unnecessary "corporate welfare" to elite multinationals including Boeing Co and General Electric Co. The House bill renews EXIM's charter through Sept. 30, 2019, with some reforms. That language is identical to the text of a Senate-passed transportation bill, making EXIM nearly impossible to exclude from negotiations to work out differences between the two versions. A number of proposed amendments aimed at curtailing the trade bank's operations were defeated, including provisions to prohibit financing help for countries with large sovereign wealth funds or for U.S. exporters whose chief executives earn more than 100 times the median U.S. wage. A coalition of EXIM users said in a statement: "Any further changes to Ex-Im would be undermining the will of the super-majority in both chambers." Ryan, who opposes EXIM, hailed the transport bill, which included votes on more than 100 amendments, as a sign of a "more open process" that he will foster in the House, giving members more input into legislation. "This is a good start. It's a glimpse of how we should be doing the people's business," Ryan told a news conference. The biggest issue to be worked out with the Senate, however, is how to pay for a funding shortfall from federal fuel taxes, which have been unchanged since 1993. One amendment passed in the House bill would liquidate the Federal Reserve's current $29.3 billion capital surplus account and transfer the money to the Treasury to be used for transportation projects. (Reporting by David Lawder; Editing by Susan Heavey and Ken Wills)
Donald Trump says Mitch McConnell has a 'death wish' and insults his wife, Elaine Chao, after the senator voiced support for the Electoral Count Act reforms
Trump's remarks demonstrate a growing schism between him and McConnell, as the senator increasingly distanced himself from the former president.
- Panthers Wire
In a scenario straight out of a video game, we'd have the Panthers snatching QB Kyler Murray away from the Cardinals in Week 4's "Player Prowl."
- Business Insider
The US Navy said 'traces' of jet fuel were found in the water on the aircraft carrier USS Nimitz. A sailor says the problem was way worse.
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The four royals received new titles following the death of Queen Elizabeth II on Sept. 8
Republicans are mad that the Library of Congress allowed Lizzo — a classically trained flutist — to play James Madison's 200-year-old crystal flute
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- The Daily Beast
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Letters exchanged between North Korean leader Kim Jong-un and former U.S. President Donald Trump between April 2018 and August 2019 have recently been published. “I am ready to work with your excellency with all my heart and devotion,” Kim said in a letter dated April 1, 2018, nearly six weeks before he first met Trump at the Singapore Summit. On the same day, Trump responded that he was “happy to meet” Kim to “drastically” improve relations between their respective governments.
- The Hill
Texas Gov. Greg Abbott (R) and Democratic candidate Beto O’Rourke traded barbs and sought to paint each other as inherently out of touch with the state in their first and only televised debate on Friday evening. The debate — hosted by Nexstar Media Group, which also owns The Hill — gave the candidates an opportunity…
- The Daily Beast
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- Miami Herald
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- Rolling Stone
The former president howled about the Senate Minority Leader and made a racist remark about former Transportation Secretary Elaine Chao
KYIV (Reuters) -Ukrainian troops said on Saturday they had taken the key bastion of Lyman in occupied eastern Ukraine, a stinging defeat that prompted a close ally of President Vladimir Putin to call for the possible use of low-grade nuclear weapons. The capture came just a day after Putin proclaimed the annexation of four Ukrainian regions - including Donetsk, where Lyman is located - and placed them under Russia's nuclear umbrella, at a ceremony that was condemned by Kyiv and the West as an illegitimate farce.
As an expert on decorating, I think homeowners should move on from busy letter art, DVD-collection displays, heavy curtains, and all-gray aesthetics.
- Associated Press
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- Detroit Free Press
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- E! News
Miami Dolphins Quarterback Tua Tagovailoa Hospitalized for Head and Neck Injuries Sustained During Game
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As Donald Trump and his eldest kids Donald Jr., Ivanka, and Eric tend to their $250 million business fraud lawsuit in New York, the three adult children are handling the legal situation in their own unique ways. Ivanka is choosing a much different strategy than her brothers by completely ignoring the drama publicly. Ivanka is […]
Visual guide to powerful Hurricane Ian, which has caused devastation in Cuba and Florida
- Ukrayinska Pravda
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- The Hill
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