Senate Rejects Trump Pick for Ex-Im Bank

The transcript discusses the challenges facing the Export-Import Bank, particularly the need for a quorum to function effectively. Concerns are raised about nominee Garrett's suitability, as he does not support the bank's mission. The discussion also touches on the importance of moving forward with other nominees to ensure the bank's operations. Additionally, the transcript covers tax reform, highlighting concerns about its benefits being skewed towards the wealthy and potential negative impacts on job outsourcing.

Why was Mr. Garrett's nomination for the XM Bank opposed?

• He did not support the bank's mission.

• He lacked experience in banking.

• He was not a U.S. citizen.

• He was involved in a financial scandal.

What is the main reason for the urgency in moving XM Bank nominees through the Banking Committee?

• To replace the current board members.

• To increase the bank's budget.

• To expand the bank's international operations.

• To achieve a quorum for the bank to function.

What is the role of the White House in resolving the XM Bank's quorum issue?

• To appoint a new bank president.

• To encourage Senate leaders to move nominations forward.

• To increase the bank's funding.

• To negotiate with foreign banks.

What concern does the centrist Democrat have about the tax reform bill?

• It increases taxes for the middle class.

• It disproportionately benefits the top 1%.

• It reduces corporate tax rates excessively.

• It simplifies the tax code too much.

How might the tax reform bill affect job outsourcing according to the discussion?

• It will prevent companies from outsourcing jobs.

• It will create more jobs domestically.

• It will have no impact on job outsourcing.

• It may drive more jobs overseas.