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Obama Reauthorizes Export-Import Bank, Urges Congress To Do More

President Barack Obama on Wednesday signed a law aimed at boosting U.

S. exports, marking the second piece of bipartisan legislation that has become law this year despite the political gridlock in Washington."I hope this ends up being a model for the kind of progress we can make in the months to come," President Obama said as he signed the law, which extends U.S. Export-Import bank's mandate through September 2014 and increases its financing cap to $140 billion from the current $100 billion.While the president praised Congress for passing the legislation, he has campaigned against what he sees as a do-nothing Congress crippled by partisanship. He said the U.S. "shouldn't have to wait until an election to do some of this business" and urged Congress to pass more of his economic ideas."It's absolutely critical for us to make sure we are full speed ahead," the president said as he urged Congress to pass his "to do" list, a series of economic proposals--such as ideas to help veterans find j...

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