Senate Votes To Extend Ex-Im Bank Guarantees for Another Three Years
The U.S. Senate has passed a bill extending the charter of the Ex-Im Bank.
Access to loans for Boeing widebodies such as the 747-8 often depends on backing by the U.S. Ex-Im Bank. (Photo: Boeing)
Access to loans for Boeing widebodies such as the 747-8 often depends on backing by the U.S. Ex-Im Bank. (Photo: Boeing)

The U.S. Senate passed a bill yesterday to extend the charter of the U.S. Ex-Im Bank for another three years and raise its debt ceiling from $100 billion to $140 billion, at least temporarily issuing a reprieve to Boeing and other U.S. aerospace companies that depend on government-backed loan guarantees to sell their products to foreign customers unable to access private markets.