No account yet?
Subscription Options
Subscribe via RSS, or
Free Email Alert

Sign up to receive a daily e-mail alert with links to Dallas Blog posts.

New Site Search
Bill DeOre
Click for Larger Image
Dallas Sports Blog
Local Team Sports News
The Official Site of the Dallas Mavericks
TEX Homepage News

A feed could not be found at

Stars Recent Headlines
Good News Dallas
Big Business Funds Ex-Im Bank Travel Budget Print E-mail
by Tom McGregor    Wed, Aug 13, 2014, 09:50 PM

The Export-Import Bank subsidizes 'Big Business,' and in return Fortune 500 companies are expected to fund luxury travel expenses for Ex-Im Bank executives.

According to the Daily Caller, "The Export-Import Bank seeks to save export subsidies, but it seems less interested in saving money on its travel budget, the Washington Examiner reports. In fact, the Export-Import Bank exceeded its travel budget by about $1 million in each of the past three years, according to The Hill."

The Export-Import Bank is seeking to renew its charter and has taken numerous trips to Washington D.C. for its lobbying efforts.

As reported by the Daily Caller, "Citing “disclosures filed to the House Financial Services Committee,” the article claims Ex-Im has spent $8.2 million on travel since 2012, but only budgeted for $5.2 million. Ex-Im President Fred Hochberg said the bank’s travel expenses have two primary purposes. One is to “support due diligence and monitoring efforts associated with a particular transaction,” and the other is “business development.”

Exxon paid $100,000 to fund a trip for Ex-Im executives to visit Papua, New Guinea and in return the oil giant had won a $3 billion subsidy from the bank.

To read the entire article from the Daily Caller, link here:

This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

Share This Story on Facebook
Comments (1)add comment
written by K. D. , August 15, 2014

Ex-Im Bank is only for big business & small business never makes it thru their doors...kill the bank!

Write comment
smaller | bigger

< Prev   Next >