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Monday, December 14, 2009

Obama presses bank chiefs to lend more

President Obama reiterated his call Monday for the nation's banks to increase lending, saying that he was getting too many letters from small businesses unable to borrow money.

"America's banks received extraordinary assistance" from the government, Obama said at a press conference following a meeting with the heads of the largest banks. "Now that they're back on their feet, we expect an extraordinary commitment from them to help rebuild our economy."

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