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Schumer says renewal of Ex-Im Bank vital to area firms

U.S. Sen. Charles Schumer on Monday spoke at General Electric’s Schenectady plant.
Photographer: Marc Schultz
U.S. Sen. Charles Schumer on Monday spoke at General Electric’s Schenectady plant.
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Dozens of companies in the Capital Region that send their products abroad would be hurt if the Export-Import Bank charter is not renewed before it expires this September, U.S. Sen. Charles Schumer, D-N.Y., said on Monday. Products like the steam turbines and generators manufactured at General Electric’s Schenectady plant are easier for foreign companies to purchase because of the Ex-Im Bank, he said before a crowd of GE officials and media on the floor of ...

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