Thursday 12 January 2012

DELAYED OF EXPORT IMPORT BANK REAUTHORIZATION

Wahington news: Us exporters and major airline carries fighting about reauthorization of EI bank . It plays a keyrole in Obama's plan. Export Bankers increase the bank lending caps to $135 billion from the current value of $100 billion. House republic leaders pushed by the major US airlines for the reason of this. Export Import bank guarantees loans from U.S banks to foreign bussinesses. The bank which was founded in 1934 and the reserved amount of cash to the treasury. Some top exporting companies and including warned house leaders to write a letter last month, but this failure to increase the lending caps could lead the lot of thousands of U.S jobs. So congress make increasing the banks loan and financial transaction secure financing without bank's help.

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