Biden's support of labor has imperiled support from the business world

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Peter Nicholas is a senior national political reporter for NBC News.

WASHINGTON — Joe Biden’s tight alliance with organized labor has unnerved some of his business supporters, who worry that his rhetoric and administration's actions make it tough to rally corporate leaders and CEOs and win their energetic backing of his 2024 presidential candidacy.

” An NBC News survey last month showed that only 37% approved of his handling of the economy, compared to 59% who disapproved. Biden’s pro-labor positioning reflects a shift in the way both parties view the business world. Once the party of business, the GOP has reinvented itself as a more populist party suspicious of the influence exerted by high-tech and financial interests.

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