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Export-Import Bank faces rocky path to renewal as Congress returns

By Timothy P. Carney
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Export-Import Bank faces rocky path to renewal as Congress returns

Congress will barely be in session in the 10 weeks before Election Day, and it will do very little legislating. One of the issues it does have to resolve, though, is what to do with the Export-Import Bank.

Ex-Im is a federal agency that subsidizes U.S. exporters, giving taxpayer-backed financing to foreign companies and governments. Conservatives are giving this agency a hard time, and House leaders show no desire to take up a bill reauthorizing Ex-Im.

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Congress Eric Cantor Export-Import Bank Government Shutdown Jeb Hensarling Kevin McCarthy Timothy P. Carney