Obama Asks Businesses for Help as He Vows to Cut Regulations
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President Barack Obama told almost two dozen current and former corporate leaders he’ll work with businesses to reduce hurdles to job creation, including regulations, while asking their help lobbying Congress on measures to boost the recovery.
Obama met for more than an hour with his Council on Jobs and Competitiveness in Durham, North Carolina, hearing a selection of proposals from panel members, including General Electric Co. Chief Executive Officer Jeffrey Immelt and American Express Co. Chairman and CEO Kenneth Chenault, to create 1 million new jobs over the next two years.