Scott Garrett

Trump picks wrong side in battle over 'Bank of Boeing'

Trump picks wrong side in battle over 'Bank of Boeing'

There's a battle looming over the "Bank of Boeing," with President Donald Trump squaring off against the business community, including some Illinois-based companies.

The "Bank of Boeing" is what critics sneeringly call the Export-Import Bank of the United States, a federal agency that provides low-cost loan guarantees that help companies, including Boeing, expand and compete internationally.

Trump wants the Senate to approve former congressman and Ex-Im Bank nemesis Scott Garrett as president of that federal lending agency.

Major manufacturers and exporting interests that back the Ex-Im Bank, including Chicago-based...

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