Key to the revival of the U.S. Export-Import Bank: a reversal, and a lobbying effort, by President Trump
WASHINGTON—A U.S. agency that finances exports for American businesses and that conservative Republicans tried to kill has been given a new lease on life, after President Trump changed his position and backed it to compete with China.
Congress quietly renewed the U.S. Export-Import Bank for seven years, bundling its reauthorization into a federal spending package signed into law on Dec. 20, the date the bank’s operating authority and funding for the government were set to expire.
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