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Paul Ryan
The GOP is divided over 'Ex-Im' [Commentary]
The GOP is divided over 'Ex-Im' [Commentary]

Most people have never heard of it. Fewer still understand how it operates. But it is the focal point of a (mostly) intramural Republican fight playing out in the halls of Congress. Its ultimate resolution will have dramatic impact on a number of high profile American manufacturers — and the thousands of high profile jobs they represent. I refer to the Export-Import (Ex-Im) Bank of the United States. Its charter is to act as a lender/guarantor of last resort (where private sector investment is not available) on behalf of foreign purchasers of U.S. produced goods — mostly high ticket airplanes and state of the art energy generation equipment. The heated debate over the...