Posted On: 04/28/2016 3:21:39 PM
Post# of 22940
PER WALLSTREET JOURNAL, 3pm APRIL 28:
A single U.S. senator is blocking the U.S. Export-Import Bank from operating at full strength despite strong bipartisan backing from lawmakers last year to end a monthslong shutdown of the federal agency.
Now the bank is unable to approve financing deals of more than $10 million because of the opposition of Sen. Richard Shelby (R., Ala.), the chairman of the Senate Banking Committee, creating new headaches for customers of large industrial manufacturers such as Boeing Co.
A single U.S. senator is blocking the U.S. Export-Import Bank from operating at full strength despite strong bipartisan backing from lawmakers last year to end a monthslong shutdown of the federal agency.
Now the bank is unable to approve financing deals of more than $10 million because of the opposition of Sen. Richard Shelby (R., Ala.), the chairman of the Senate Banking Committee, creating new headaches for customers of large industrial manufacturers such as Boeing Co.
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