Not exactly saving here.
Check it out:
The Export-Import Bank seeks to save export subsidies, but it seems less interested in saving money on its travel budget, the Washington Examiner reports.
In fact, the Export-Import Bank exceeded its travel budget by about $1 million in each of the past three years, according to The Hill.
Citing “disclosures filed to the House Financial Services Committee,” the article claims Ex-Im has spent $8.2 million on travel since 2012, but only budgeted for $5.2 million.
Ex-Im President Fred Hochberg said the bank’s travel expenses have two primary purposes. One is to “support due diligence and monitoring efforts associated with a particular transaction,” and the other is “business development.”