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U.

S. President Barack Obama, whose political fortunes are threatened by rising gasoline prices, proposed new measures on Tuesday to reduce oil market manipulation that are unlikely to get support from a divided Congress.

Obama called on lawmakers to raise civil and criminal penalties on individuals and companies involved in manipulative practices.

He also pressed for more money to fund the agency charged with policing the markets to hire "more cops" for oversight and upgrade old technology.




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Obama Wants To Lower Gas Prices, But Can He Actually Do It?

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