The Trump administration may strike a blow to corporate welfare if recent public comments by Treasury Secretary Steve Mnuchin tell us anything.
Mnuchin hinted that Trump may transform the Export-Import Bank of the United States — an agency that mostly subsidizes a few large businesses, their foreign (largely state-owned) customers, and some giant Wall Street banks — into an agency that mostly subsidizes U.S. businesses trying to do business overseas.
Recommended Stories
Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.