The Wisconsin protests over bills taking away collective bargaining rights for public employees have sparked protests across the country, from New Jersey and Ohio to California.
President Obama in January tapped General Electric chief executive Jeffrey Immelt to head an industry group that would advise him on how American companies could create more jobs. But the White House had been hush-hush since then about who exactly would sit on that council. On Thursday, the White House (finally) relased the list of business heavyweights who on the panel. The is list is very tech-heavy. In addition to Intel CEO Paul S. Otelliniand former AOL Time Warner CEO Steve Case, whose names were leaked earlier, the list also includes Silicon Valley venture capitalist John Doerr and Facebook COO Sheryl Sandberg. Among the other executives on the council are Kenneth I. Chenault, CEO of American Express, and Gary Kelly, CEO of Southwest Airlines.
Interest payments on the national debt are projected to quadruple over the next decade, surpassing spending on Medicaid, Medicare and domestic programs. Explore the government's projected spending through this interactive chart:
White House advisor Elizabeth Warren on Tuesday accused critics of the new Consumer Financial Protection Bureau for "trying to chip away at its independence" by subjecting it entirely to Congressional appropriations. "Politicizing the funding of bank supervision would be a dangerous precedent," Warren, a Harvard professor who is charged with setting up the new agency, said in prepared remarks to be delivered this afternoon to members o the Consumers Union. Warren said that the CFPB, which was set up to make sure things like credit agreements and other financial products are regulated in a way that protects consumers, would effectively be deprived of the funds it needs to keep large banks in check.
The President Obama who appeared before the Chamber of Commerce on Monday morning was nothing like the one the lobbying group's members had gotten to know over the two years they were at war.
President Obama is extending another olive branch to business community this morning with a speech to the U.S. Chamber of Commerce.