Banking panel kills Trump nominee to lead Export-Import Bank
WASHINGTON (AP) " A Senate panel has rejected President Donald Trump's nominee to run the Export-Import Bank.Two Banking Committee Republicans, Tim Scott of South Carolina and Mike Rounds of South Dakota, joined with Democrats to shelve the nomination of former GOP Rep. Scott Garrett of New Jersey to head up the bank, which provides loans, credit insurance and loan guarantees to help foreign buyers purchase U.S. exports.It has many GOP critics who say it distorts markets and [...]
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