WASHINGTON—With Congress failing to act before its holiday recess this week, the Export-Import Bank’s (Ex-Im) operating authority has expired on July 1, and while the bank will be able to continue to operate and fulfill its past obligations, it will not be able to provide new assistance. The bank is an important priority for the White House, which says Ex-Im has supported $235 billion in exports over the last six years, through direct loans, loan guarantees, working-capital ...

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