Reuters reported that General Electric would lose a $350 million deal to build locomotives for Angola, and perhaps billions of dollars more in future export opportunities, if Congress closes the U.S. Export-Import Bank.
Reuters notes that GE, along with other major U.S. exporters including Boeing and business groups like the U.S. Chamber of Commerce and the National Association of Manufacturers, is fighting to save the Ex-Im Bank.
Reuters said the export credit agency’s critics, mostly conservative Republicans, want Congress to allow Ex-Im’s charter to expire on June 30.
To view the full Reuters report, click here.
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