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Deal could clear way for export bank bill

18.05.12

Legislation to extend the Export-Import Bank’s charter advanced in the Senate Monday evening after agreement was reached on addressing tea party demands to reopen a bipartisan deal approved only days ago by the House.

Five GOP amendments will be permitted Tuesday — some relitigating specific agreements reached by House leaders. But in each case, a supermajority of 60 votes would be required, leaving Senate Majority Leader Harry Reid (D-Nev.) hopeful that the House package will survive intact and go quickly to President Barack Obama for his signature this week.


Source: Politico

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