Trump weighs dumping Garrett as Ex-Im nominee
Source: Politico
By JOSH DAWSEY and ZACHARY WARMBRODT 07/20/2017 10:12 PM EDT Updated 07/21/2017 08:41 AM EDT
President Donald Trump is reconsidering his nomination of former Rep. Scott Garrett to lead the Export-Import Bank and may drop him amid growing resistance from industry, according to West Wing aides and Trump advisers.
Garrett has become a political headache for the White House and its economic agenda thanks to intensifying lobbying against the nomination by companies that rely on the agency to guarantee loans for foreign buyers of U.S. exports. Treasury Secretary Steven Mnuchin has also been pressing for the president to dump him, according to White House officials.
Garrett, a New Jersey Republican who lost his House seat last year, opposed the existence of the bank while in Congress and has not convinced stakeholders that his views have changed. In 2015, he said the agency “embodies the corruption of the free enterprise system.”
"You need to have a chairman who supports the bank returning to full functionality," said Aerospace Industries Association President and CEO David Melcher, one of the executives calling on Trump to withdraw the nomination.
Read more: http://www.politico.com/story/2017/07/20/trump-weighs-dumping-garrett-as-ex-im-nominee-240784
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