Lightbridge Corporation (LTBR)

[russshackleford]

Chiding Congress on Ex-Im Bank
By JOSH LEDERMAN and ERICA WERNER, Associated Press
July 22, 2015 | 6:13 p.m. EDT

WASHINGTON (AP) — Chiding Congress in no uncertain terms, President Barack Obama warned Wednesday that American businesses are suffering while the Export-Import Bank lapses, and called on lawmakers to reauthorize the bank within days.

With Congress nearing its annual August recess, Obama said the U.S. "cannot leave these businesses hanging" by punting a vote to renew the bank until after Congress returns. He said it was a "shame" that the bank had been allowed to expire, and said the lapse puts the U.S. at a disadvantage because "every other advanced country has a program like this" to promote its exports.

The bank's charter expired June 30 for the first time in its 81-year history because of congressional inaction. With conservative opponents celebrating its demise, prospects to revive it are uncertain.
he bank cannot currently make new loans or guarantees but remains in business to service billions in outstanding loans and guarantees. However, its funding runs out Sept. 30, so its outlook becomes even shakier if Congress does not act before then.

http://www.usnews.com/news/business/articles/2015/07/22/obama-renewing-call-to-reauthorize-export-import-bank