Republicans just sunk Trump's controversial pick to run a bank he wanted to kill

  • President Donald Trump’s nominee to lead the Export-Import Bank just got rejected by the Senate Banking Committee.
  • Two Republicans, Sens. Tim Scott and Mike Rounds, joined Democrats in voting down Trump’s nominee, former GOP congressman Scott Garrett.

The Senate Banking Committee rejected President Donald Trump’s nominee to lead the Export-Import Bank on Tuesday after a pair of Republicans joined with the panel’s Democrats in voting down former congressman Scott Garrett.

The committee voted 10-13 against the former GOP congressman, who had pushed to shut down the bank.

Republican Sens. Tim Scott of South Carolina and Mike Rounds of South Dakota voted against advancing Garrett’s nomination.

Garrett was opposed by large manufacturers like Boeing – which has a large footprint in Scott’s home state.

The rejection could extend a lengthy standoff at the agency, which has left it unable to approve roughly $US37 billion in transactions, The Wall Street Journal reported.

During his confirmation hearing last month, Garrett pledged to keep the agency running, moving away from his push to shut down the bank.

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