Company Overview of Export-Import Bank of the United States

Export-Import Bank announced that Scott Mulhauser has been named the Bank's new chief of staff. Mulhauser most recently served as a Senior Advisor to the Presidential Inaugural Committee and spent much of 2012 serving as VP Biden's deputy chief of staff on the successful Obama-Biden reelection campaign. Prior to his work for the VP, Mulhauser spent more than a decade in senior roles in Congress, including his work on the Senate Finance Committee.

Delta Air Lines has sued the Export-Import Bank of the United States over loan guarantees given to support purchases of Boeing's (BA) widebody planes by certain foreign airlines.

The Export-Import Bank of the United States announced a new marketing partnership for the Monterey Bay International Trade Association (MBITA). The City/State Partners program contract will accelerate export business by connecting Bank products and services to MBITA's network of entrepreneurs and financial institutions in the counties around San Francisco and its ports. Members of MBITA represent small and mid-sized businesses throughout the tri-county region of the Monterey Bay and Silicon Valley. The purpose of the City/State Partners program is to ensure that the Bank's export finance programs are more accessible to small and medium-sized business through the help of local, state, and regional economic development and business support organizations. Ex-Im Bank offers to Bay-area enterprises expanded access to products such as its Global Credit Express, which helps exporters acquire low-cost working capital up to $500,000, as well as Express Insurance, which simplifies small business access to export credit risk insurance on their foreign accounts receivable. The Bank has designed an array of low-cost loans, guarantees, export credit insurance, and supply-chain financing structures to enable both small and large businesses to export globally without fear of nonpayment.