EXPORT-IMPORT BANK/TRUMP AS PRESIDENT: “The Trump administration is moving to bring back to life a long-hobbled agency that smooths export deals between U.S. manufacturers and overseas buyers, potentially ending a three-year freeze that has held up more than $40 billion of export deals. The White House is expected to soon nominate Kimberly Reed to fill […]
Category: Export-Import Bank
4/19/2018
EXPORT-IMPORT BANK/TRADE DEALS/TRUMP AS PRESIDENT: “As trade tensions mount, an 84-year-old Washington institution could have been a powerful tool for President Trump. The institution, the Export-Import Bank, was created to help American companies compete overseas and bolster exports by providing cheap government-backed loans. But the institution, which once financed multibillion-dollar projects, has been effectively crippled […]
12/19/2017
BANKING/EX-IM BANK/NOMINATIONS/TRUMP AS PRESIDENT: “The U.S. Senate Banking Committee rejected U.S. President Donald Trump’s nominee to head the U.S. Export-Import Bank, but approved four other board nominees, enough to restore the trade bank’s full lending powers upon their confirmation by the full Senate. The committee voted 13-10 against Scott Garrett as EXIM president. Garrett is […]
12/6/2017
EX-IM BANK/NOMINATIONS/TRUMP AS PRESIDENT: “President Donald Trump’s choice to lead the Export-Import Bank faces a crucial test as early as next week, with a Senate panel weighing a vote on his nomination. A majority vote against the troubled pick, Scott Garrett, could effectively end his candidacy. Sen. Mike Crapo (R., Idaho), the chairman of the […]
12/1/2017
EX-IM BANK/NOMINATIONS/TAXES/TRUMP AS PRESIDENT: “U.S. taxpayers could be on the hook starting next year for operating expenses at the Export-Import Bank, a trade-finance agency that can’t generate enough revenue because its leadership is in limbo due to congressional inaction. C.J. Hall, the government agency’s acting chairman, who is stepping down Saturday [12-2-17], said in an […]
10/31/2017
EX-IM BANK/NOMINATION/SCOTT GARRETT: “A long-brewing fight over former Rep. Scott Garrett’s candidacy to lead the Export-Import Bank, an agency he has twice voted to shut down, will come to a head this week when he testifies in front of a Senate panel reviewing his nomination. President Donald Trump’s decision to nominate Mr. Garrett, a New […]
8/21/2017
EXPORT-IMPORT BANK/GOP/NOMINATIONS/TRUMP AS PRESIDENT: “President Donald Trump’s nomination of former Rep. Scott Garrett to lead the Export-Import Bank has opened up yet another front in the Republican Party’s civil war. Pro-business trade groups, free-market advocates and even social conservatives and gay-rights activists are targeting GOP senators with competing lobbying efforts as they clash over Garrett’s […]
8/2/2017
EX-IM BANK/NOMINATIONS/TRUMP AS PRESIDENT: “President Donald Trump is giving former Rep. Scott Garrett a chance to save his nomination to lead the Export-Import Bank just weeks after the president privately questioned the appointment amid intense pushback from business groups. The New Jersey Republican’s confirmation has been in doubt for months amid concern about his record […]
7/17/2017
EXPORT-IMPORT BANK/TRUMP PEOPLE/SCOTT GARRETT: “President Donald Trump is standing behind former Rep. Scott Garrett, his choice to head the Export-Import Bank, amid escalating pressure from business groups to pull the plug on the nomination. ‘Scott Garrett is imminently [sic] qualified to lead the Ex-Im Bank,’ White House spokeswoman Natalie Strom said in a statement to […]
5/8/2017
EX-IM BANK/TRUMP PEOPLE/SCOTT GARRETT: “Less than two years ago, Scott Garrett, then a Republican congressman from New Jersey, took to the floor of the House of Representatives and laced into his colleagues for resurrecting an institution that ’embodies the corruption of the free enterprise system.’ The institution he derided was the Export-Import Bank. He could […]
3/13/2017
EX-IM BANK/TRUMP AS PRESIDENT: “During the presidential campaign, Trump said he didn’t think the bank [Export-Import Bank] was needed. ‘It’s sort of a featherbedding for politicians and others, and a few companies,’ he told the conservative National Review in 2015. ‘And when you think about free enterprise, it’s really not free enterprise. I’d be against […]