Space 

Senate committee blocks controversial Ex-Im Bank chairman nominee

BROOMFIELD, Colo. — The Senate Banking Committee rejected the White House’s controversial nominee to chair the board of the Export-Import Bank while approving four other board nominees, a step towards allowing it to start financing aerospace deals again. The committee, meeting in executive session Dec. 19, voted 13 to 10 to block the nomination of former congressman Scott Garrett to chair the bank’s board. Sens. Mike Rounds (R-S.D.) and Tim Scott (R-S.C.) jointed the committee’s 11 Democratic members to keep the committee from advancing the nomination to the full Senate…

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Space 

Ominous signs for defense, aerospace industries as Congress scrambles to fund government

AIA CEO Melcher: The defense drawdown has resulted in lost suppliers, changes in competition, market structure, and industrial base turmoil. WASHINGTON — A protracted battle over federal spending priorities shows no sign of resolution. Unstable budget cycles have become the norm in a deeply divided Washington, although so far the impact on the economy has not been noticeable. The unpredictability of funding, however, is taking a toll on industries that heavily depend on government work. The leader of the influential trade association that represents the U.S. aerospace and defense industry…

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Space 

Senators still unconvinced Trump’s Ex-Im pick has the bank’s best interest in mind

WASHINGTON — U.S. senators vetting President Trump’s leadership nominations for the Export Import Bank of the United States voiced serious concerns about Scott Garrett, who as a congressman voted against the export-credit agency. During a Nov. 1 confirmation hearing, several Democrats on the Senate Banking, Housing and Urban Affairs Committee said they were unwilling to support Garrett as the bank’s next president. “Confirming Mr. Garrett as president of Ex-Im would be like putting an arsonist in charge of the fire department,” Sen. Sherrod Brown (D-Ohio) said in his opening statement.…

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Space 

Senate to hold confirmation hearing on Ex-Im Bank board nominees

WASHINGTON — For some in the space industry, the confirmation hearing they will be paying close attention to on the morning of Nov. 1 will not be the one by the Senate Commerce Committee to consider the nomination of Jim Bridenstine to be NASA administrator. Instead, their focus will be across the street, at a confirmation hearing by the Senate Banking Committee for five nominees to the board of the Export-Import Bank of the United States, whose lack of a quorum has kept the bank from approving large deals that…

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