June has arrived, and with it, hopefully, the final days of the Export-Import Bank of the United States.
Seen as corporate welfare for Big Business, the Ex-Im Bank holds a $140 billion portfolio of taxpayer-backed loans that it distributes to politically-connected businesses. It primarily benefits some of the largest, most powerful corporations in the country. Assuming Congress doesn’t reauthorize the bank’s charter by June 30, it will stop issuing new loans and begin to wind down its operations.
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