Obama signs Ex-Im Bank reauthorization

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Thursday, May 31, 2012

President Obama signed legislation on Wednesday reauthorizing the U.S. Export-Import Bank. The bank’s charter was set to expire today without the legislation. The bill also increases the bank's lending cap from $100 billion to $140 billion. “By reauthorizing support for the Export-Import Bank, we’re helping thousands of businesses sell more of their products and services overseas and, in the process we’re helping them create jobs here at hom...

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