Ex-Im Bank
Landmark new policies that have sharply curtailed U.S. financing for international coal projects may be rolled back, the result of a sudden, polarised fight over a little-known government agency here. The debate revolves around an entity called the Export-Import Bank, which for much of the past century has made federal money available to promote U.S. […]
U.S. Big Business is going all out to protect a favoured government agency, the 80-year-old Export-Import Bank (Ex-Im), from a full-fledged assault by the populist “Tea Party” wing of the Republican Party. At stake is Congressional re-authorisation of the Bank, which provides loans, guarantees, and credit insurance to foreign buyers of U.S. exports. Last year, […]
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