Saying it's “time to think outside the box,” on job creation,the two House sponsors of legislation to raise the cap on memberbusiness loans wrote President Obama on Wednesday to urge him toinclude the proposal in the jobs package he plans to presentThursday night to Congress.

“During this difficult period in our economy, many smallbusinesses require capital to stay afloat, remain competitive andramp up hiring. By increasing the credit union cap we can help fillthis void and stimulate job creation without spending additionaltax dollars,” Reps. Ed Royce (R-Calif.) and Carolyn McCarthy (D-N.Y.) wroteObama.

Sen. Mark Udall (D-Colo.), who introduced a companion bill inthe Senate, issued a statement urging Obama to include an MBLincrease in his package of proposals.