U.S. President Barack Obama has praised Congress for passing legislation reauthorizing the Export-Import Bank, and called on lawmakers to take action on a number of other domestic priorities.

In Washington Wednesday, Mr. Obama signed the reauthorization of the Export-Import Bank, saying American businesses and workers benefit from the bank.

“By reauthorizing support for the Export-Import Bank, we're helping thousands of businesses sell more of their products and services overseas and in the process we're helping them create jobs here at home. We're doing that at no extra cost to the taxpayer.”

The president said he is grateful to lawmakers in both political parties who came together and “put the interests of the American people first.” But he said more needs to be done, saying the world economy is in a “delicate place” and it is “absolutely critical” that the United States goes forward “full speed ahead.”

He repeated a call for Congress to take action on a number of other domestic priorities, including helping homeowners refinance their mortgages at a lower interest rate, extending tax credits for clean energy companies, and helping veterans obtain jobs and other opportunities.