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Export-Import Bank nominee faces critical vote [MSNBC.com]

BOEING (BA)  More Company Research Source: MSNBC.com
Last boeing earnings: 1/31 07:30 am Check Earnings Report
PDF WASHINGTON — The fight over President Donald Trump's nominee to lead the Export-Import Bank, one that has pitted Republicans and special interests against one another, will come to a head Tuesday at a critical Senate vote. The Senate Banking Committee is set to vote on Scott Garrett's nomination Tuesday morning, and his path forward appears likely to be blocked because he is opposed by at least one Republican on the panel. But critics worry that won't be the end, not if Senate Majority Leader Mitch McConnell decides to bring his nomination to the floor anyway. Garrett, a former congressman from New Jersey, has been a public critic of the government-backed bank that provides loans to American companies that export goods and services overseas. Central to the fight is American-owned Boeing, which is the Ex-Im Bank's largest benefactor. If the bank scales back or stops operating, Boeing's largest competitor, European-owned Airbus, will benefit. advertisement Wh [Read more]

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