Trump budget spares Export-Import Bank, targets other corporate welfare

Candidate Trump said he would abolish the Export-Import Bank, a federal agency that subsidizes foreign buyers of U.S. goods. Trump’s earliest budget framework listed Ex-Im among independent agencies to abolish.

But the White House’s latest budget framework leaves Ex-Im off the hit list. This follows many reports from congressional fans of Ex-Im that Trump had been persuaded to love the agency, which primarily subsidizes Boeing sales. (Though Treasury Secretary Steve Mnuchin suggested the agency could be retooled to serve small businesses.)