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UPDATE 2-U.S. Senate panel snubs Trump's pick to run EXIM, OKs other nominees [Reuters]

BOEING (BA)  More Company Research Source: Reuters
Last boeing earnings: 4/25 07:30 am Check Earnings Report
PDF Senate panel snubs Trump's pick to run EXIM, OKs other nominees | Reuters 3 Min Read WASHINGTON (Reuters) - The U.S. Senate Banking Committee rejected U.S. President Donald Trump’s nominee to head the U.S. Export-Import Bank on Tuesday but approved four other board nominees, enough to restore the trade bank’s full lending powers upon their confirmation by the full Senate. The committee voted 13-10 against Scott Garrett as EXIM president in a rebuke to conservatives who saw the former New Jersey Republican congressman as an ally who would keep tight controls on the government export lender. Garrett helped lead a 2015 effort to shut down EXIM to end a source of “corporate welfare” for giant manufacturers such as Boeing Co and General Electric. After his nomination he pledged to keep the bank “fully open” but struggled to persuade senators that he now believed in the bank’s core mission of providing taxpayer-backed loans and guarantees for U.S. export transactions. “I believe he’s a prin [Read more]

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