Big business was blindsided by the Tea Party two years ago and almost lost a fight to keep the U.S. Export-Import Bank alive.
U.S. lawmakers on opposite ends of the political spectrum are objecting to putting trade deals on a fast track for congressional approval, threatening one of the business community’s top priorities.
The U.S. risks losing out on a potential doubling of exports to Russia unless Congress repeals a Cold War-era law passed to punish the Communist Soviet Union.
Boeing Co. tapped two of Washington’s highest-paid lobbying firms to help overcome opposition from carriers such as Delta Air Lines Inc. and Tea Party lawmakers in its push to reauthorize and expand the Export-Import Bank.
The Obama administration is pressing Congress to throw out a Soviet-era law to restrict trade with Russia, making a plea on behalf of U.S. farmers and manufacturers.
"We are going to be intensely increasing our congressional outreach in the coming weeks."
- Christopher Wenk on Apr 22, 2014