The Traderszone Network

Published in TZ Latest News 22 July, 2015 by The TZ Newswire Staff

Obama says Ex-Im Bank lapse hurts small businesses

President Barack Obama on Wednesday urged lawmakers to renew the charter for the U.S. Export-Import Bank before leaving for an August break, saying small and large businesses alike have been hurt by the lapse in new loan guarantees and trade insurance. If Congress fails to reauthorize of the Ex-Im Bank, the United States would be the only advanced country to leave companies without export finance assistance, Obama said.

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