The Senate Banking Committee rejected former Rep. Scott Garrett's nomination to chair the U.S. Export-Import Bank by a 10-13 vote Tuesday morning after two Republicans voted against him, dooming his nomination.
In a blow to President Trump, Sen. Tim Scott, R-S.C., and Sen. Mike Rounds, R-S.D., both voted against Garrett, a former congressman from New Jersey who has a history of opposing the government-backed bank, which provides financing to foreign entities so they can buy U.S. goods and services. They joined the committee's 11 Democrats in opposing the nomination.
The Justice Department’s Office of Inspector General says it will audit the department’s compliance with a...
