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US Ex-Im Bank faces closure as Congress doesn't renew charter
Add BT as a preferred sourcePublished Fri, Jun 26, 2015 · 09:50 PM
Washington
THE US Export-Import Bank faced an imminent shutdown of its new lending and insurance activities as lawmakers left Washington on Thursday for an 11-day break without renewing the trade lender's charter.
Ex-Im's authority to make new loans or write new credit and trade guarantees will expire at midnight on June 30, leaving many US exporters scrambling to find alternative financing or withdraw from proposed deals.
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