Obama Urges Congress to Restore Power to Reorganize Agencies
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President Barack Obama called on Congress to give him authority to streamline the executive branch and make it easier for businesses to tap government resources by consolidating six agencies dealing with trade and commerce.
The reorganization would affect the Office of the U.S. Trade Representative, the Export-Import Bank, the Overseas Private Investment Corporation, the Trade and Development Agency and the Small Business Administration. Obama said today that in the short term, he would elevate the SBA administrator to Cabinet-level status.