The Export-Import Bank Needs To Go

The Export-Import Bank (Ex-Im for short) is one of the few federal agencies to have been shut down in the last 40 years or so. Even then, the shutdown was temporary, and far from total. It was revived in 2015 after a six-month shutdown, and it will stick around until at least 2019. Trump administration budget director Mick Mulvaney, who opposed Ex-Im when he was in Congress, recently said to CNBC’s John Harwood, “Yeah, it’s going to continue to exist.”

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