Senators Push $70 Billion Funding Deal to Support Trump’s Critical Minerals Push, FT Reports

The United States Congress. SAUL LOEB / AFP
With Reuters

Senators will introduce legislation on Wednesday to reauthorize funding for the United States Export-Import Bank for the next decade, as lawmakers try to inject an extra $70 billion into the agency to support U.S. President Donald Trump’s critical minerals push, the Financial Times reported on Wednesday.

Kevin Cramer, a Republican senator from North Dakota, is co-sponsoring the reauthorization legislation with Democrat Mark Warner of Virginia, the report said. Cramer told the FT that Trump was “all in” on funding the Ex-Im Bank, adding that the president “sees the value” of the institution.

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