37 billion and created helped Small Businesses and created jobs. It also helps us pay down the federal deficit. It has generated over 1. 057 billion returned to the u. S. Treasury, so it has actually helped us pay down the federal debt. So my colleagues all of a sudden are having amnesia why they supported the exim bank or not coming forward to support it now need to remember what a vital tool this is to the u. S. Economy. Madam president . The presiding officer time has expired. Ms. Cantwell madam president , i ask unanimous consent for another 30 seconds. The presiding officer without objection. Ms. Cantwell thank you. I just want to close by by saying other countries use these same financial tools, and so a lot of my colleagues can see that other countries for the same reason, when the marketplace doesnt provide a privatesector financial tool to securitize these these products, its important that the United States stay competitive with everybody chasing Global Market opportunities.
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Carpenters in Detroit denounce draconian pension cuts proposed under 2014 federal law
The general assault on the pensions of US workers under the Obama era Kline-Miller Multiemployer Pension Reform Act of 2014 has now taken aim at the pensions of tens of thousands of construction workers in southeast Michigan. Nearly 20,000 active and retired carpenters and millwrights in the Detroit metropolitan area are facing deep cuts in their pensions in July 2021.
The Warren, Michigan-based Carpenters and Millwrights fund submitted a revised application in 2020 to Treasury Secretary Steven Mnuchin under the Application for Suspension of Benefits required by the 2014 federal legislation. The current Board of Trustees includes now president of the Michigan Regional Council of Carpenters and Millwrights, Mike Barnwell, and other officials of the carpenters and millwrights regional and local unions.