Obama Says Confirmation Process Hurts Choosing Business Leaders

President Barack Obama says he is in favor of choosing a business leader for his economic team in a second term if talented executives can be convinced the U.S. Senate confirmation process isn’t too disheartening.

“Not only is it something I’m considering, I’d love to do it,” the president said on Bloomberg Television in his first interview since winning re-election. “It’s something I would have loved to have done in the first term.”