http://www.wsj.com/articles/ex-im-bank-faces-new-hurdle-in-congress-over-board-nominees-1461835801 A single U.S. senator is blocking the U.S. Export-Import Bank from operating at full strength despite strong bipartisan backing from lawmakers last year to end a monthslong shutdown of the federal agency.
Now the bank is unable to approve financing deals of more than $10 million because of the opposition of Sen. Richard Shelby (R., Ala.), the chairman of the Senate Banking Committee, creating new headaches for customers of large industrial manufacturers such as Boeing Co.
The spat illustrates the backlash big businesses are facing in Washington with a Republican Party that has grown more populist. It is also the latest in a series of moves by Senate Republicans to shape policy using the nominations process.
We should definitely support this Senator. The Democrat-RINO Coalition managed to revive ExIm and it should be fought every chance one gets.
