Trump taps nominee to lead Export-Import Bank

(The Hill, Washington, 20 June 201) President Trump on Wednesday nominated Kimberly Reed to lead the Export-Import Bank, taking a step toward getting the agency running back at full lending strength. The 84-year-old bank has been in financial limbo over the past three years, short of enough members on its board of directors to make loans above $10 million. During her November confirmation hearing, Reed said that she looked "forward to bringing two decades of bipartisan experience to my work at the Bank, which has more than 400 dedicated career professionals." A Wall Street Journal commentator noted that "By turning to Ms. Reed, a former Treasury Department staffer during the George W. Bush administration, the White House is backing a nominee for the bank who thinks the Ex-Im Bank’s role is essential for the U.S. to counter foreign governments that operate their own export-finance agencies. At her nomination hearing late last year for a less-senior post at the bank, she said not having a functional export-finance agency amounted to “unilateral disarmament.”