Export-Import Bank Fails to Get Revived

Those hoping for the reopening of the Export-Import Bank were given bad news Wednesday when the House approved a highway funding bill that excluded a reauthorization of the bank’s charter, the Los Angeles Times reports. The Senate is expected to follow the footsteps of the House. Supporters argue the Ex-Im bank helps companies sell their products abroad. Opponents argue the bank mainly helps big businesses, which donate to politicians to keep the bank’s spigot open for them.