Devex: Failure to launch: Why congressional budget drama delayed U.S. DFC
“The new U.S. International Development Finance Corporation will not officially launch as planned on Oct. 1, a result of congressional delays in approving annual funding. Congress failed, as it has done regularly in recent years, to pass a budget bill for foreign aid before the start of the new fiscal year. Instead, lawmakers approved a continuing resolution to fund the government through Nov. 21, giving itself more time to come to a budget agreement. The result is that the new DFC does not have funding to begin its operations…” (Saldinger, 10/1).