House reaches agreement on Export-Import Bank
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WASHINGTON (Reuters) - U.S. House leaders said they had reached a bipartisan deal to reauthorize the U.S. Export-Import Bank and increase its lending cap to $140 billion in 2014. The deal, negotiated by House Majority Leader Eric Cantor, a Virginia Republican, and House Minority Whip Steny Hoyer, a Maryland Democrat, came weeks before the bank’s temporary charter was set to expire. The nearly 80-year-old government bank provides direct loans and credit guarantees to help U.S. exporters make sales in markets that private lenders consider too risky to operate on their own. … Original post by Reuters and software by Elliott Back Not What You Needed? Check Out These Related Sites... |

