FILE - President Joe Biden speaks on April 12, 2024, in Washington. Top Biden administration officials have stepped up their outreach to CEOs and other corporate leaders to ask about what they need. The effort encroaches on the business community terrain that former President Donald Trump considers to be his home turf. FILE - Deputy Treasury Secretary Wally Adeyemo speaks at the Justice Department, Jan. 18, 2023, in Washington.
The Associated Press is the most trusted source of information on election night, with a history of accuracy dating to 1848.Biden was invited to appear as well, but he will be in Italy for a Group of Seven summit of world leaders. White House chief of staffBiden has long sought to balance the interests of businesses and workers, tempering his criticism of companies by noting that as a former senator from Delaware he comes from the “corporate capital of the world.
The Washington Post reported that Trump has asked oil industry executives to help fund his campaign, given the profits his administration would produce for them, a report that the Trump campaign said was false.Trump campaign spokeswoman Karoline Leavitt said that “business leaders and working families alike are eager for the return of these common-sense policies” such as tax cuts, deregulation and increased oil and natural gas production.
The increased outreach by Biden’s team came at the behest of Zients. The chief of staff gathered six other top officials at a February dinner with the goal of implementing a strategy to speak more with CEOs and their predecessors. Adeyemo said the administration has had some success in reducing the federal paperwork needed for permitting, bringing down processing times that could drag out for two years. And with some workforce programs losing funding that was tied to pandemic-era federal aid, the administration is seeing if companies can take over the financing.
Labor Department figures show there are roughly 1.5 million more job openings right now than unemployed people seeking work. And as job openings have gone unfilled over the past year due to a lack of workers, companies have pulled back on their postings. Manufacturing companies, for example, have 516,000 jobs open, compared to 647,000 a year ago.