Export-Import Bank is Midterm Election Wildcard

New York Times: “In an election cycle where no single issue is animating voters, the relatively obscure lender, which provides loans and loan guarantees to foreign buyers of American products, has become an unlikely source of prominent campaign friction.”

“The fight over whether to reauthorize the bank, which Congress must do by the end of September to sustain its operations, has roiled Capitol Hill in unexpected ways, creating a divide between the Tea Party movement and establishment Republicans. It also is providing an avenue for Democrats to showcase their support for American companies and to try to drive a wedge between business interests and Republican candidates.”