President Barack Obama, center, speaks with people on the porch while visiting with Valerie Jarrett and friends in Oak Bluffs, Mass., on the island of Martha's Vineyard, Friday, Aug. 22, 2014. Obama is vacationing for about two weeks on the island. (
EDGARTOWN, Mass. - President Barack Obama is trying to rally support for a taxpayer-subsidized bank that he says creates jobs.<br />
In his weekly radio and Internet address, Obama urges business owners to lobby Congress to renew the U.S. Export-Import Bank.<br />
The bank provides loans, loan guarantees and credit insurance to foreign buyers of U.S. products. But it will cease functioning unless Congress renews its charter before October. Some Republican lawmakers who supported the bank in past years now want to put it out of business.<br />
In the Republican address, party chairman Reince Priebus says there will be less government spending, flexible health care and better education under complete GOP control of Congress. The party needs to pick up six seats in the November elections to win back the Senate.
A blustery winter storm dumped snow and ice across the West on Wednesday, making driving treacherous in the mountains from California to the Rockies and forcing residents and party-goers in some usually sun-soaked cities to bundle up for a frosty New Year's.
House Republican leaders rallied around one of their own, Whip Steve Scalise, on Tuesday after he said he regrets speaking 12 years ago to a white supremacist organization and condemns the views of such groups.
President Vladimir Putin's chief political foe was convicted along with his brother on Tuesday in a fraud case widely seen as a vendetta by the Kremlin, triggering one of Russia's boldest anti-government demonstrations in years.