Trump considering withdrawing Ex-Im nominee: report

Trump considering withdrawing Ex-Im nominee: report
© Greg Nash

President Trump is considering pulling his nomination of former Rep. Scott GarrettScott GarrettConservative groups urge Trump to stick with Ex-Im Bank nominee Can the Washington swamp defeat Trump's nominee to run the Export-Import Bank? Overnight Finance: House votes to repeal arbitration rule | Yellen, Cohn on Trump's list for Fed chief | House passes Russia sanctions deal | GOP centrists push back on border wall funding MORE (R-N.J.) for president of the Export-Import Bank, Politico reported Friday.

The news that Trump could withdraw Garrett comes amid intensifying lobbying efforts by U.S. companies opposed to the nomination because of the former congressman's opposition to the agency while he was in Congress.

Garrett lost his reelection bid last year. But he has not convinced businesses that his views on the Export-Import Bank, which extends credit to foreign buyers of U.S. exports, have changed, according to Politico.

Garrett has also faced scrutiny for reportedly telling lawmakers in a private meeting last year that he would not pay dues to the National Republican Congressional Committee because the organization sought to recruit gay congressional candidates. He has denied that he made such a statement. 

A White House spokeswoman said that Trump stands behind Garrett's nomination, asserting that the former representative is qualified to lead the Export-Import Bank.

But according to Politico, the administration is trying to find a way to withdraw Garrett from consideration without embarrassing the White House.

As a presidential candidate, Trump suggested that he would do away with the Export-Import Bank if elected.

But since taking office, he has changed his tone on the agency, telling The Wall Street Journal in an interview in April that "actually, it's a very good thing."

He nominated Garrett and former Rep. Spencer BachusSpencer Thomas BachusBusiness pressure ramps up against Trump's Ex-Im nominee Trump considering withdrawing Ex-Im nominee: report Business groups silent on Trump's Ex-Im nominee MORE (R-Ala.) to the bank's board last month.