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Senate votes down Export-Import Bank reauthorization

The US Senate has voted against reauthorization of Export-Import Bank, casting more uncertainty about the future of the federal credit agency that will soon reach its $100 billion cap.

The US Senate has voted against reauthorization of Export-Import Bank, casting more uncertainty about the future of the federal credit agency that will soon reach its $100 billion cap. A large proportion of Ex-Im Bank’s portfolio is loans and guarantees to ensure financing for sales of new US aircraft to foreign airlines. The agency is sometimes colloquially referred to as “Boeing’s bank.” Speaking as a panelist at the ISTAT Americas 2012 conference in ...

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