Barbra Streisand & Barry Gibb – “Guilty”
POLITICO
Hundreds of jobs are being relocated overseas or lost altogether as a result of the June 30 expiration of the Export-Import Bank — with no relief in sight as a gridlocked Congress is unlikely to reauthorize it anytime soon.
General Electric announced Tuesday that will move 500 U.S.-based jobs to Europe and China because the agency’s expiration means it has to seek export financing credit elsewhere. Boeing, meanwhile, blamed the collapse of a second satellite deal on the loss of credit and said it will likely result in the loss of hundreds of jobs by year’s end. MORE