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The future of the Ex-Im Bank, which many conservatives condemn as "corporate welfare" to well-heeled U.S. exporters, was put in doubt when Rep. Kevin McCarthy, the California Republican and the incoming majority leader for the House GOP caucus, said Sunday he opposes a reauthorization vote. The White House has expressed strong support for reauthorization, with press secretary Josh Earnest going so far as to invoke former President Ronald Reagan's support of the bank in an effort to sway Mr. McCarthy. (Associated Press)
Photo by: Molly Riley
The future of the Ex-Im Bank, which many conservatives condemn as "corporate welfare" to well-heeled U.S. exporters, was put in doubt when Rep. Kevin McCarthy, the California Republican and the incoming majority leader for the House GOP caucus, said Sunday he opposes a reauthorization vote. The White House has expressed strong support for reauthorization, with press secretary Josh Earnest going so far as to invoke former President Ronald Reagan's support of the bank in an effort to sway Mr. McCarthy. (Associated Press)

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