Federal Export-Import Bank set for midnight expiration

San Jose Mercury News: WASHINGTON -- Conservatives cheered the demise of the federal Export-Import Bank Tuesday and vowed to beat back efforts to revive it, even as business leaders issued dire warnings that letting the agency expire at midnight would hurt U.S. competitiveness globally.

"Ding Dong, the Ex-Im Bank is dead!" declared FreedomWorks, one of the outside groups responsible for transforming the bank from an obscure government lending institution into a conservative rallying cry.

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