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House votes on raising US Ex-Im lending cap
10 May 2012
After a successful vote by US House of Representatives, the US Senate will now decide whether to reauthorise the Export-Import Bank of the United States and raise its lending cap.
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The US House of Representatives has voted to reauthorise the Export-Import Bank of the United States, raising its lending cap to $140 billion by 2014.
After months of debate the vote was 330-93 in favour of renewing the bank’s charter and extending its lending cap, allowing it to continue to level the playing field for US exporters facing tough competition from foreign rivals. All 93 no votes came from...
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