27 Jun '14, 3pm

US Ex-Im Hangs in Balance as Chief Defends Bank Against Critics

Committee Chairman Jeb Hensarling, a Texas Republican who has urged abolishing the bank, said the lender primarily benefits companies including Boeing Co., General Electric Co. and Caterpillar Inc. “If you’re a politically connected bank or company that benefits from Ex-Im, no doubt you would like it to continue,” Hensarling said during the more than six-hour hearing. The panel is scrutinizing the Ex-Im Bank, which helps foreign companies buy U.S. goods and has aided several renewable energy projects , as some Republicans seek to kill the agency, saying the private sector can perform the same job. Incoming House Majority Leader Kevin McCarthy this week backed Ex-Im’s demise, adding a hurdle for Congress to renew the bank’s charter before it lapses on Sept. 30. President Barack Obama wants to reauthorize the lender for five years, and gradually raise its lending limit to $1...

Full article: http://www.renewableenergyworld.com/rea/news/article/2014...

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exim.gov 23 Jun '14, 7pm

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metro-magazine.com 27 Jun '14, 6pm

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lothianbuses.com 27 Jun '14, 8am

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businessgreen.com 30 Jun '14, 8am

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