Ex­port-Im­port Bank to close

Los Angeles Times - - THE WEEK -

The Ex­port-Im­port Bank, an 81-year fed­eral agency, is slated to end its mis­sion Tues­day of pro­vid­ing aid to ex­porters and help­ing for­eign buy­ers pur­chase U.S. goods. House Repub­li­cans have tar­geted the fed­eral agency for ex­tinc­tion, re­fus­ing to reau­tho­rize the bank’s char­ter. Demo­cratic sup­port­ers of the bank say the ac­tion will jeop­ar­dize projects and thou­sands of U.S. jobs.

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