“President Barack Obama is ramping up pressure on Congress to reauthorize the Export-Import Bank. The obscure federal agency’s charter expired last month after lawmakers refused to reauthorize it. The bank underwrites loans to foreign companies purchasing American products, but conservatives call it corporate welfare. Obama on Wednesday plans to meet at the White House with owners of small- and medium-size businesses that have benefited from the bank. Senate Majority Leader Mitch McConnell of Kentucky has floated the possibility of attaching the bank’s reauthorization to a six-year highway and transit bill.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Why China Just Spent $2.3 Billion On America's Hottest Startups
Bitcoin ultimately can replace Wall Street, investor says
Mexico's Vicente Fox pushes marijuana debate to forefront
KC law firm bets on the future of Bitcoin
America's public finances: The Unsteady States of America
New York man released after being wrongly imprisoned for 23 years
Slovenia Liquidates, Backstops Two Banks to Stave Off Cyprus Fate
School District Ends Policy Of Forcing Students To Kneel Down For Dismissal
Syria hails U.S.-Russia chemical weapons deal as a ‘victory’ that averts war
18 different minimum wages in American Samoa, 30% jobless rate
EU to help dairy sector hit by Russian food import ban
Former Fed chief Alan Greenspan warns of bond market bubble
Pentagon puts 650,000 workers on unpaid leave due to cuts
U.S. lost track of 1,475 immigrant children last year while separating families
Bank of Cyprus savers could lose up to 60%