Surprisingly, the abolition of a federal agency that many Americans have never heard of has become a cause celebre in certain political circles. It is all the more astonishing, considering that the Export-Import Bank requires no tax dollars. Indeed, it actually makes money for the government. The bank’s renewable charter, first set in 1945, is due to expire Sept. 30, so Congress must act or Ex-Im will have to wind down. The bank extends direct loans, loan guarantees and credit ...
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