A group of U.S. senators are pushing to formally liquidate the Export-Import Bank (Ex-Im).
The government agency’s charter expired in June.
Senators Ted Cruz (R-TX), Mike Lee (R-UT), Rand Paul (R-KY), Marco Rubio (R-FL), Ben Sasse (R-NE), and Pat Toomey (R-PA) are calling for a plan to sell off assets of the Export-Import Bank, a government agency subsidizing domestic companies’ costs when selling goods in foreign countries.
‘Wind It Down’
“Since the Export-Import Bank’s charter expired on June...
Cause of Action, a nonprofit, nonpartisan government accountability organization, is suing the Export-Import Bank (Ex-Im) and demanding a congressional investigation into the alleged improper deletion of public records.
Responding to a public records request, Ex-Im claims its chief of staff, Scott Schloegel, “accidentally” deleted text messages the group was seeking about a month and a half after the request was received.
‘Sorry, We Deleted Those Records’
Scott Nelson, an attorney for the...
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