Quorum - The New York Times (10/07/13)

Groups like the Club for Growth are lobbying Republican lawmakers tohold up the nomination of Fred Hochberg so the bank doesn’t have the quorum it needs to make loans, which they argue amount to corporate welfare for companies like Boeing and General Electric. Republicans have already used similar tactics to prevent the president from making permanent appointments to agencies like the Consumer Financial Protection Bureau.

The Export-Import Bank provides loans and loan guarantees to private corporations to help businesses export their products and services. There are legitimate questions about whether the government should be promoting exports in this way. But the bank’s supporters, which include Republicans, say it helps American businesses compete against foreign companies like Airbus that are supported by their governments.

Fuente: New York Times