Conservatives still blocking Export-Import Bank
(Houston Chronicle, Houston, 3 March 2016) The fight to empower a government agency that ensures U.S. companies can compete around the world, and even makes money for the taxpayer, is sadly not over. Ex-Im can't close any deals exceeding $10 million because of conservative opposition in the Senate... The Ex-Im bank is the latest victim of a conservative minority refusing to compromise. The bank board needs three of five directors to reach a quorum, but the chairman of the Senate Banking Committee refuses to fill one of three open seats... The lack of a quorum has held up six deals worth $2.6 billion so far.
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