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U.S. Senate panel likely to reject Trump EXIM Bank pick; others to advance [Reuters (UK)]

BOEING (BA)  More Company Research Source: Reuters
Last boeing earnings: 4/25 07:30 am Check Earnings Report
PDF U.S. Senate panel likely to reject Trump EXIM Bank pick; others to advance | Reuters 4 Min Read WASHINGTON, Dec 18 (Reuters) - The U.S. Senate Banking Committee looks set to reject President Donald Trump’s nominee to run the Export-Import Bank on Tuesday, but the 2-1/2-year freeze on its ability to finance major export projects could begin to thaw soon anyway. Scott Garrett, a former Republican congressman who helped lead efforts by conservatives to shut down EXIM in 2015, has lost the support of Republican Senator Mike Rounds, giving Democrats enough votes to block his confirmation. A Rounds spokeswoman said on Monday that the South Dakota Republican will vote against Garrett, but vote in favor of nominees for four other EXIM board positions and another nominee to be the agency’s inspector general. The panel has 12 Republicans and 11 Democrats. All of the panel’s Democrats have pledged to oppose Garrett but support the other nominees, likely giving them enough support for approval. O [Read more]

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