Sen. Richard Shelby, the chairman of the Senate Banking Committee, is successfully blocking the appointment of a third board member at the unpopular Export-Import bank, according to a report from the Heritage Foundation’s Daily Signal site.
The Hillary Clinton endorsement of the Ex-Im Bank at the Politics and Eggs breakfast in Manchester, New Hampshire attracted scrutiny on Capitol Hill, where Clinton’s longstanding financial ties to Ex-Im chairman Fred Hochberg are a matter of public record.
The House Committee on Foreign Affairs conducted a subcommittee hearing on Friday over whether or not Congress should reauthorize the Ex-Im Bank, which expired this summer, with many businesses encouraging Congress to vote to reauthorize the Ex-Im Bank next week.
Outgoing House Speaker Representative John Boehner (R-OH) stated he’d “like to” clear the plate for the next speaker and that he hopes Paul Ryan runs for speaker and would be “great” on Tuesday’s “Special Report” on the Fox News Channel.
White House Denounces Republican ‘Brinkmanship’ After Poor Jobs Report
Boeing seems to be retaliating against House Majority Leader Rep. Kevin McCarthy (R-CA) for leading the effort to defund the Export-Import Bank by announcing several hundred California job cuts.
Monday night the Senate voted to advance its six-year highway legislation, including an extension of the Export-Import Bank attached. Conservatives are, however, staunchly opposed to Ex-Im’s reauthorization and House Leadership has indicated it will not take up the Senate’s bill.
The Export-Import Bank (often referred to as simply the “Ex-Im Bank”) is one of the most corrupt entities in Washington, DC.
Sen. Ted Cruz (R-TX), Republican Study Committee Chairman Bill Flores (R-TX), Sen Mike Lee (R-UT), House Freedom Caucus Chairman Jim Jordan (R-OH) and other conservatives pushed back against calls to bring the export-import bank — whose charter expired at the end of June — back to life.
The Export-Import Bank generates headlines because, after more than three-quarters of a century, it is about to go away. But it won’t go away if Democrat presidential candidate Hillary Clinton, and Republican Senator Lindsey Graham, can do something about it.
