GE to get up to $12 billion in export financing from Britain

The deal, announced on Thursday, could be seen as the latest sign of #U.S. exporters’ unhappiness at the winding down of the U.S. Export-Import Bank, which lent money to foreign customers of U.S. exporters. Its charter lapsed on June 30 after conservatives in the U.S. Congress cast it as a promoter of “crony capitalism.”

#GE is already shifting jobs overseas because of the lack of U.S. export financing and plane-maker #Boeing Co, the largest U.S. exporter, is threatening to do the same.

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