Ex-Im Bank Chairman and President Fred P. Hochberg issued a statement in response to the Bureau of Economic Analysis' (BEA) report which states that exports increased 2.9% to a record $2.345 trillion. The Ex-Im Bank, which is under political scrutiny, is an independent federal agency that supports, provides and facilitates export financing to foreign buyers of American products. To read more about how the Ex-Im Bank affects the financial markets click here. To read the original press release from The Ex-Im Bank click here.
