McNerney Says Export-Import Bank Reauthorization Vital for U.S.

Boeing Co. (BA) Chief Executive Officer James McNerney urged Congress to reauthorize the U.S. Export- Import Bank and raise the limit for its lending to aid domestic companies.

Loans made by the bank helped create 290,000 direct and indirect jobs at more than 3,600 U.S. companies, McNerney, also Boeing’s chairman, said today during a conference at the State Department in Washington. The bank’s current authorization expires May 31.

To contact the reporter on this story: Steve Geimann in Washington at sgeimann@bloomberg.net

To contact the editor responsible for this story: Steve Geimann at sgeimann@bloomberg.net

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