The engine of a Boeing 737 is attached to a fuselage at the company's assembly plant in Renton, Wash. Boeing has been one of the biggest beneficiaries of Export-Import Bank financing.
The Ex-Im Bank says it has almost $40 billion in pending transactions awaiting consideration by the board, which would support an estimated 230,000 jobs. Created during the Great Depression, the bank helps foreign companies buy U.S. products when private banks won’t provide independent financing. The Ex-Im Bank’s biggest beneficiaries include manufacturing and aerospace companies such as Boeing and General Electric Co., and big banks, like JPMorgan Chase & Co., that help finance deals.
Source: News Formal (newsformal.com)
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