Obama Says ‘Progress’ Made in CEO Meeting on Fueling Economy
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President Barack Obama said he and 20 company executives made “good progress” during a four and a half hour meeting toward establishing closer cooperation between government and business to accelerate the U.S. economic recovery.
“We focused on jobs and investment, and they feel optimistic that by working together we can get some of that cash off the sidelines,” Obama said as he left the session yesterday, referring to the almost $2 trillion that he said companies have amassed.