U.S. President Barack Obama has praised Congress for passing legislation reauthorizing the Export-Import Bank, and called on lawmakers to take action on a number of other domestic priorities. In Washington Wednesday, Mr. Obama signed the reauthorization of the Export-Import Bank, saying American businesses and workers benefit from the bank. “By reauthorizing support for the Export-Import […]
Obama Reauthorizes Ex-Im Bank, Calls for More Action From Congress
Posted May 30th, 2012 at 1:15 pm (UTC-5)
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A Look at the US Export-Import Bank
Posted May 30th, 2012 at 1:10 pm (UTC-5)
The Export-Import Bank of the United States provides loans and credit to help American companies sell goods and services overseas. The bank was established in 1934 during the Great Depression as a way to increase trade and boost the economy. Initially, it was designed to finance exports to the Soviet Union, and eventually expanded to […]
Obama Expected to Sign Measure Renewing Export-Import Bank
Posted May 15th, 2012 at 7:25 pm (UTC-5)
U.S. President Barack Obama is expected to sign a bill to renew the charter of the 80-year-old Export-Import Bank over conservative opposition. The Senate passed the measure Tuesday, a week after approval by the House of Representative. White House spokesman Jay Carney says the measure is absolutely necessary to ensure American exports can keep growing. […]
Iraqi Kurdistan Halts Oil Exports, Defies Baghdad
Posted April 1st, 2012 at 6:05 pm (UTC-5)
Iraq’s autonomous Kurdish region has halted oil exports, accusing the central government in Baghdad of failing to pay the oil companies working in the oil-rich area. Kurdistan’s Ministry of Natural Resources said Sunday that “there have been no payments for 10 months.” But officials in Baghdad have said more than $500 million have been approved […]
