Economic Purity or Economic Sense?

The U.S. Export-Import Bank will lend $65 million for Peruvian wind farms that will use Siemens turbines made in Iowa and Kansas Photograph by Timothy Fadek/Bloomberg

When Congress returns from its August recess, it will (once again) have to decide the fate of the Export-Import Bank, the 80-year-old federal agency that helps finance U.S. companies’ overseas sales. If Congress doesn’t act, the bank’s congressional authorization will lapse when the 2014 fiscal year ends on Sept. 30.

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