The explanation for this turnabout may lie with rank political pressure: Reportedly Rep. Bob Michel (R-IL) and Senator Paul Simon (D-IL) both of whom claim Caterpillar as a constituent sought to obtain fast-track Eximbank approval for this deal with Sen.
Holt, whose great-grandfather invented the first track-type tractor (which led to the formation of Caterpillar (nyse: CAT - news - people )), came to the rescue in 1996.