Congress weighs options before Ex-Im Bank expires

WASHINGTON, D.C.: Congress is on course to let the Export-Import Bank expire at the end of this month, but it’s unlikely to mean the ultimate demise of the 81-year-old credit financing agency.

House and Senate backers of the bank say there are no obvious options for avoiding a lapse in authorization in about two weeks, given limited floor time in both chambers and conservative opposition in the House. But they also say they expect Congress will find a way to move a long-term extension before leaving for the August recess.