Incoming House speaker: Export-Import Bank will ‘stay failed'; labor secretary predicts it will be revived

The U.S. Export-Import Bank should be allowed to “stay failed,” says incoming U.S. House Speaker Rep. Kevin McCarthy, R-Calif., even though a company in McCarthy’s home district needs Ex-Im to complete a $40 million sale of oil industry equipment. “Ex-Im, in that it has failed, now should stay failed,” McCarthy told Fox News on Monday. Billionaire conservative David Koch. Powerful lobbies linked to the Koch brothers have campaigned to kill the U.S. Export-Import Ban