It shouldn’t be in the highway bill. But Republicans are idiots for letting the bank expire. Of all the things Republicans could cut, they cut a bank that has generated $7 billion in profits for the Treasury in the last 20 years, and which helps our exporters.
I guess their Chinese masters needed more help competing against Boeing so they ordered the bank terminated.
Wait the bank is a good thing?
” $7 billion in profits “
I was wondering about this since I don’t know how the bank operates.
Do you happen to know the current spread on rates? Since U.S. is already borrowing to cover its expenses, I was wondering what the difference between the current tbill rate and the rate at which this bank grants loans.
If the Export-Import bank is profitable, then it should be spun off as a private entity.