Obama Signs Re-Authorization Bill For Export-Import Bank
Washington, D.C. -
President Obama has sign legislation that will reauthorize the Export-Import Bank. The bank provides loans to foreign companies who are purchasing U.S. products such a airplanes, ships and large machinery. It also helps finance expensive technology along with other durable products from American companies.
The fate of the Export-Import Bank was in doubt recently as republicans signaled they would not support the institution calling it a waste of public money.



