Ex-Im Head Asks For Resources To Meet Export Goal

Law360, New York (September 29, 2010, 7:36 PM EDT) -- The U.S. Export Import Bank can help deliver on President Barack Obama’s goal of doubling U.S. exports in five years, but it will need more resources to pull its fair load, the bank's chairman told two congressional subcommittees Wednesday.

U.S. exports grew nearly 18 percent in the first seven months of 2010 over the previous year, putting the nation on track to reach Obama’s goal of $3.14 trillion in exports by 2015, Chairman Fred Hochberg testified to a joint hearing of House Financial Services Committee subcommittees...
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