Obama okays law to award Congress gold medal to Yunus

President Barack Obama signed off on legislation Tuesday to award Congress' gold medal to Muhammad Yunus, Bangladeshi economist and Nobel Peace Prize laureate. Yunus is credited with developing the microcredit concept that has improved the lives of poor people around the world. The legislation said Yunus merits the medal because his system of lending can help bring about "a historical breakthrough in the fight against poverty." The Congressional Gold Medal dates from before the United States. The Continental Congress awarded the first one to George Washington, the first US president, three months before the members proclaimed independence from Britain. The presentation ceremony for Yunus has not yet been scheduled.
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