In about-face, Trump nominates new head of export bank

President Donald Trump nominated former Republican lawmaker Scott Garrett as president of the Export-Import Bank of the United States on Friday, completing an about-face over an institution he had denounced as "featherbedding" for big business.A White House statement also named Spencer Bachus, another Republican former congressman, to be a member of the board of directors of the bank.Trump told the Wall Street Journal on Wednesday he would fill the two vacancies on the bank's five-member board t