A U.S. agency that helps foreign companies buy American-made products is facing the biggest test in its 80-year history as House Republicans press to shut the U.S. Export-Import Bank.
U.S. Export-Import Bank Chairman Fred Hochberg asked Congress for a 40 percent increase in the loan limit to $140 billion for fiscal year 2015 as borrowing by companies closed in on the current maximum.
Angola’s government plans to buy trains and power generators from General Electric Co. worth about $1 billion in a deal financed by the Export-Import Bank of the U.S., the lender’s president said.
"A culture of ethics starts at the top."
- Fred Hochberg on Jul 29, 2014