If a federal agency helped reduce the trade deficit, increase U.S. manufacturing jobs, and returned a profit to the Treasury, you might think that was a good thing. Unfortunately, it’s not the case in topsy-turvy Washington.
The agency in question is the Export-Import Bank. Established in 1934, the Ex-Im Bank is the official export credit agency of the U.S. government. Its mission is to create and sustain U.S. jobs by financing sales of U.S. exports to international buyers.