Small exporters backed Barack Obama’s efforts to convince Congress to quickly reauthorize the Export-Import Bank, which helps finance sales of American products abroad. After meeting with executives of 10 small and medium-size businesses that use Exim ban to help export goods, Obama said closing the 81-year-old government agency amounted to unilateral disarmament. Republicans block Exim Bank’s reauthorization The Exim Bank has been the nation’s lender of last resort for eight decades. Its purpose is to boost U.S. business through loan guarantees and financing to foreign companies that borrow money to buy American products. It sells companies a kind of insurance…
Small Exporters Back Obama For Boeing Exim Bank Renewal
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports