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GE’s Immelt Says He’d Move Jobs Overseas If Ex-Im Bank Ends

Jeffrey "Jeff" Immelt, chairman and chief executive officer of General Electric Co. (GE), speaks during the opening of the company's iCenter facility in Kuala Lumpur, Malaysia, on Tuesday, Oct. 21, 2014.

Jeffrey "Jeff" Immelt, chairman and chief executive officer of General Electric Co. (GE), speaks during the opening of the company's iCenter facility in Kuala Lumpur, Malaysia, on Tuesday, Oct. 21, 2014.

Photographer: Goh Seng Chong/Bloomberg
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General Electric Co. Chief Executive Officer Jeffrey Immelt threatened to move U.S. jobs overseas if Congress doesn’t reauthorize the Export-Import Bank’s charter, which expires at the end of June.

“We’re not going to lose this business,” Immelt said Wednesday to the Economic Club of Washington. “We’ll build these products in places where export credit financing is available.”