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The Wyoming State Loan and Investment Board approved seven Business Ready Community grants and one loan request totaling $4.1 million on Thursday, according to a news release from the Wyoming Business Council.

The Wyoming Business Council Board of Directors has unanimously approved $13 million in state grants and loans to help one of the country's largest producers of ammunition magazines for guns relocate to the state.

President Barack Obama will urge Congress this week to back bipartisan efforts to shutter Fannie Mae and Freddie Mac, the mortgage-giants bailed out by the government in 2008.