Caterpillar CEO on Lapse of Ex-Im Bank’s Charter

Since Congress allowed the Export-Import (Ex-Im) Bank's charter to lapse on June 30, businesses of all sizes have been feeling the negative consequences. In Real Clear Politics, Doug Oberhelman, CEO of Caterpillar Inc., says that without Ex-Im, "fewer U.S.-made products are sold and fewer U.S. jobs are needed or created." "Typically, private financing sources and export credit agencies work together, and government-backed export credit agency financing is often a basic requirement ... [+]

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