Waters Condemns Export-Import Bank-Related Layoffs
Following an announcement of several hundred layoffs planned at Boeing’s satellite factory in southern California, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, underscored the very real impact the Export-Import Bank’s shut down is having on American workers.
“For months, Congressional Democrats have warned that Republican efforts to shut down the Export-Import Bank would have serious negative consequences for U.S businesses, workers, and the American economy. With Boeing’s recently announced plans to lay off several hundred people from its satellite factory in South Bay, the ongoing debate in Washington about the future of the Bank is beginning to touch the lives of hard-working Americans. It is unconscionable that Republican short-sightedness and animus against government will cause people in and near my district to lose their jobs.