Legislation to renew the charter of the Export-Import Bank appeared headed for approval by Congress Tuesday after months of debate over the role of the independent federal agency in aiding American exporters.The ...
The government's vehicle for promoting U.S. export sales survived a challenge from conservatives Tuesday with a Senate vote to renew the charter of the Export-Import Bank for three years. The vote, coming after the Senate rejected amendments to weaken or kill the bank, sends the measure to President Barack Obama for his signature.
It was business as usual at the U.S. Export-Import Bank Sept. 30, though its charter was set to expire at midnight. The board approved $1.2 billion in loan guarantees to help Air India Ltd. buy jetliners from Boeing Co. (BA) , part of $3.4 billion in financing it handled that day.
