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Obama Urges Renewal of US Export-Import Bank

U.S. President Barack Obama says more small businesses than ever are selling their products aboard, but that could all change unless Congress takes action. The president said Saturday in his weekly address that unless Congress renews the charter of the U.S. Export-Import Bank, nearly 300,000 businesses could lose their international markets. The bank provides loans, loan guarantees and credit insurance to foreign buyers of U.S. products. He said lawmakers have reauthorized the...

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