Fred Hochberg News
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U.S. Export-Import Bank Chairman Fred Hochberg defended backing Boeing Co. after Delta Air Lines Inc. sought to block the lender’s financing for foreign carriers that buy the manufacturer’s planes.
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U.S. President Barack Obama nominated Allison Macfarlane to a new term as chairman of the Nuclear Regulatory Commission, less than a year after she took over the agency following her predecessor’s resignation.
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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.
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Saudi Arabia, the Arab world’s biggest economy, represents an “exceedingly” strong market for U.S. companies, Export-Import Bank Chairman Fred Hochberg said.
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Export-Import Bank Chairman Fred Hochberg plans to provide more financial aid to U.S. corporate jet manufacturers, branching out from a traditional support for Boeing Co. to help an industry where demand has suffered.
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The U.S. should take the lead in writing global rules for export financing to blunt an increase in unregulated support from nations including China, India and Brazil, Export-Import Bank Chairman Fred Hochberg said.
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U.S. companies have a “unique window of opportunity” to grab market share from competitors because of economic weakness in Europe, said Fred Hochberg, chairman of the Export-Import Bank of the United States.
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Delta Air Lines Inc.’s complaint that U.S. Export-Import Bank financing for foreign competitors has cost American jobs is flawed, bank Chairman Fred Hochberg said.
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The U.S. Export-Import Bank said governmental aircraft financing for Persian Gulf airlines such as Emirates doesn’t distort global markets because the funds fill a need that financial institutions aren’t meeting.
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Deputy Defense Secretary Ashton Carter is the leading candidate to replace Steven Chu as energy secretary in President Barack Obama’s second term, according to two people familiar with the matter.
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