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Tea Party starts to circle Export-Import Bank

Kevin Cirilli, The Hill

Tea Party groups are increasing pressure on House Speaker John Boehner (R-Ohio) not to reauthorize the Export-Import Bank, whose charter expires June 30 unless Congress acts.Tea Partyers and prominent Republicans such as Rep. Paul Ryan (R-Wis.), House Majority Leader Kevin McCarthy (R-Calif.) and House Financial Services Committee Chairman Jeb Hensarling (R-Texas) argue that the bank is a form of corporate welfare for big businesses.