“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:
Austrian bank employee drops 90,000 euros into river
Genetically modified salmon not harmful, FDA says
Egypt’s interim authorities extend state of emergency
German army's crisis role widened
Fidelity halts bitcoin investments from IRAs
Sacre bleu! Poor weather ruins 2013 wine grape harvest in France
Residents, politicians push to shut Satoshi Forest homeless camp
Oklahoma lawmaker wants death row organ donations
U.S. Agencies to Say Bitcoins Offer Legitimate Benefits
Swiss bankers stay home amid US global tax evasion manhunt
Uber’s First Self-Driving Fleet Arrives in Pittsburgh This Month
Seizing Children From Parents at the Border Is Immoral. What Can We Do About It?
Refillable electronic cigarettes face EU ban
The ghosts of America's Cold War surveillance network pictured crumbling in Berlin
Trade in Bitcoins gains currency among youth in Mumbai