Obama renews national emergency with respect to Libya

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“We are working closely with the new Libyan government and with the international community to effectively and appropriately ease restrictions on sanctioned entities, including by taking action consistent with the U.N. Security Council's decision to lift sanctions against the Central Bank of Libya and two other entities on December 16, 2011. 

“The situation in Libya, however, continues to pose an unusual and extraordinary threat to the national security and foreign policy of the United States and we need to protect against this threat and the diversion of assets or other abuse by certain members of Qadhafi's family and other former regime officials.”

Four Americans, including Ambassador Christopher Stevens, died in a terrorist attack on the U.S. mission in Benghazi last Sept. 11.