Conservatives step up efforts to close U.S. Export-Import Bank

U.S. conservatives are increasing efforts to convince lawmakers to close the Export-Import Bank with a letter to Congress and targeted digital advertisements. Freedom Partners, a conservative advocacy group backed by billionaires Charles and David Koch, wrote to members of Congress on Thursday urging them to let the export credit agency's mandate expire on June 30. "The Export-Import Bank ... uses taxpayer dollars to boost profits for some of the world's largest and most well-connected corporations," president Marc Short said in the letter.

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