America’s Export-Import Bank (Exim) is tapped out. Its authority runs out on May 31 and Congress has to agree to some form of extension. Exim has $100 billion of borrowing authority, none of which shows up on the federal balance sheet. It may have already reached its $100 billion limit; there are billions of additional requests for financing that may not get fulfilled if its charter is not extended and its debt limit is not increased.
The Administration has requested a 40% increase in
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