Ex-Im Bank Likely to Lapse as Congress Lacks Path to Votes

Bloomberg reported that the U.S. Export-Import Bank is likely to lose at least temporarily its authority to support U.S. companies such as Boeing and agricultural plane-maker Air Tractor in selling goods abroad.

Bloomberg said backers of the Ex-Im Bank in Congress have yet to find a way to force a vote to renew the institution’s charter, which expires at the end of June, despite assertions they have counted heads and would prevail.

According to Bloomberg, Democrats and Republicans from both chambers say there is enough support for the bank to reauthorize it. They just haven’t figured out a way to get it to the floor before June 30.

To view the full Bloomberg report, click here.

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Terry Mulreany
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