By Timothy P. Carney | 06/27/14 04:59 PM
This isn't a fight between airy ideas and real-world benefits. It's a fight between outspoken beneficiaries and hidden victims. In other words, it's another fight between the politically connected and the less powerful.
By Timothy P. Carney | 06/27/14 08:23 AM
"Corporate welfare in the defense of liberty is no vice." That's the punchy opening my AEI colleague Tom Donnelly uses to defend the Export-Import Bank, the imperiled federal agency that subsidizes U.S. exports by extending taxpayer-backed financing to foreign buyers. Donnelly is completely...
06/25/14 05:15 PM
WASHINGTON (AP) — A potential compromise on the contentious issue of the U.S. Export-Import Bank's future was floated during a House hearing Wednesday. Rep. John Campbell, a California Republican, said he has drafted compromise legislation that addresses some of the concerns of conservative...
By Timothy P. Carney | 06/25/14 02:41 PM
Republican Financial Services Committee Chairman Jeb Hensarling opened today's hearing on the Export-Import Bank by excoriating corporate welfare and calling out big businesses by name in something of a populist speech.
By Timothy P. Carney | 06/25/14 02:22 PM
The single biggest activity of the Export-Import Bank is subsidizing Boeing's sales to foreign airlines. That means foreign airlines get artificially low prices for their planes. Delta doesn't get such subsidies.
By Timothy P. Carney | 06/25/14 01:06 PM
Ask massive and profitable U.S. companies why they need taxpayer-backed financing through the Export-Import Bank, and they'll tell you that without the subsidies, they will lose sales to foreign manufacturers.
By Susan Ferrechio | 06/25/14 12:35 PM
House Speaker John Boehner, R-Ohio, said new allegations about fraud and corruption at the Export-Import Bank influenced his decision to take a harder look at whether Congress should reauthorize it.
By Timothy P. Carney | 06/25/14 10:13 AM
The House Financial Services Committee is holding a hearing on the reauthorization of the Export-Import Bank of the United States, the usually-obscure government agency that subsidizes U.S. exports with taxpayer-backed loan guarantees to foreign buyers.
By Susan Ferrechio | 06/24/14 06:49 PM
Senate lawmakers Tuesday significantly boosted the chances that Congress will consider renewing the Export-Import Bank in the face of mounting GOP opposition in the House.
By Timothy P. Carney | 06/24/14 03:18 PM
The steady drumbeat of Ex-Im corruption over recent years doesn't signal some cabal of white-collar criminals running the agency.
06/24/14 03:31 PM
WASHINGTON (AP) — Faced with conservative opposition, House Speaker John Boehner is declining to take a position on renewing the Export-Import Bank even though he's supported it in the past. His new stance deals a blow to a top priority of the business community. The Ohio Republican told...
06/23/14 05:15 PM
WASHINGTON (AP) — The White House and an influential pair of business organizations called for renewal of the Export-Import Bank on Monday, one day after newly elected House Majority Leader Kevin McCarthy of California said the agency should be phased out. The bank's existence is fast...
By Rebecca Berg | 06/22/14 01:48 PM
New House Majority Leader Kevin McCarthy does not have plans to reauthorize the Export-Import Bank's lending authority when it expires in September, he said Sunday -- setting up a likely fierce battle between conservative Republicans and the president. The bank, which grants credit to help...
By Timothy P. Carney | 06/22/14 12:10 PM
House Majority Leader-elect Kevin McCarthy says Congress should let the Export-Import Bank expire, the biggest blow yet to the imperiled subsidy agency whose charter expires this fall. On "Fox News Sunday," host Chris Wallace asked McCarthy if he agrees with "conservatives who say that the...
By Timothy P. Carney | 06/20/14 05:15 PM
Rep. Shelley Moore Capito, R-W.Va., voted to reauthorize the Export-Import Bank in 2012. She sits on the House Financial Services Committee, where the bill's fate may be sealed. And she's running for Senate.
By Paul Bedard | 07/22/14
By Byron York | 07/21/14
By Susan Ferrechio | 07/21/14
By Spencer Brown | 07/22/14
By Susan Ferrechio | 07/21/14