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Saying it’s “time to think outside the box,” on job creation, the two House sponsors of legislation to raise the cap on member business loans wrote President Obama on Wednesday to urge him to include the proposal in the jobs package he plans to present Thursday night to Congress.

“During this difficult period in our economy, many small businesses require capital to stay afloat, remain competitive and ramp up hiring. By increasing the credit union cap we can help fill this void and stimulate job creation without spending additional tax dollars,” Reps. Ed Royce (R-Calif.) and Carolyn McCarthy (D-N.Y.) wrote Obama.

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