“A measure extending the bank through 2019 was included in a massive transportation bill that cleared the House and Senate Thursday and is expected to be signed by President Barack Obama. The small federal agency makes and guarantees loans to help foreign customers buy U.S. exports. Business groups like the U.S. Chamber of Commerce say it’s necessary for U.S. competitiveness, since most overseas competitors rely on similar government help. But conservatives decry the bank as corporate welfare and government interference in the free market. A rarely used procedure in the House forced a floor vote on the bank over the objections of top GOP leaders.”
http://www.latimes.com/business/la-fi-export-import-bank-20151204-story.html
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Body cam shows dad had hands up when cops killed his 6-year-old son
Fukushima leak is 'much worse than we were led to believe'
Two U.S. sailors admit to Okinawa rape charges
Kerry: Arab countries offered to pay for Syria invasion
High School To Collect Students’ Hair For Mandatory Drug Testing
Liechtenstein mulls lifting banking secrecy
Escaping The Education BLOB: The Ron Paul Curriculum
Police Shoot, Kill Dog When Going To A Home By Mistake
UK house prices in June reach new record high
Researchers bypass protections in Microsoft anti-exploitation tool
Billionaire investors take aim at Fed's policies at Sohn event
JPMorgan Bribe Probe Said to Expand in Asia as Spreadsheet Is Found
Hostess, maker of Twinkies, to go out of business after nationwide strike
New Jersey cop caught punching woman in the face on video
Swiss government blocks arms sales to U.S. over human rights concerns