White House Reiterates Ex-Im Support in Wake of Corruption Allegations
The Export-Import Bank is collaborating with the Office of the Inspector General to ensure there is no fraud in the credit agency’s financial dealings, said White House spokesman Josh Earnest during a June 24 press conference. The Wall Street Journal…
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reported the day prior on investigations into corruption at the bank, including “gifts and kickbacks,” and associated suspension or removal of Ex-Im officials from office (here). The Export-Import Bank plays a critical role in providing jobs to American workers and facilitating U.S. exports, said Earnest. “The stakes here are pretty high. There is bipartisan agreement that there is a tangible contribution that Ex-Im is making to the American economy and to American job creation,” said Earnest. “We are hopeful that Congress will do what they’ve done many times in the past, and that is support the reauthorization of the Ex-Im Bank in bipartisan fashion.”