US President Joe Biden speaks about his Investing in The us agenda at the Wilmington Convention Center in Wilmington, North Carolina, on May well 2, 2024.
Mandel Ngan | AFP | Getty Pictures
President Joe Biden is established to meet up with Tuesday afternoon with a slate of executives from a wide variety of industries, some of which have been the targets of his regulatory agenda.
The visitor listing contains United Airways CEO Scott Kirby, Citi CEO Jane Fraser, Evercore founder and senior chairman Roger Altman, Marriott Global CEO Anthony Capuano, Flex CEO Revathi Advaithi, Bechtel Team CEO Brendan Bechtel, former Xerox CEO Ursula Burns and Corning CEO Wendell Weeks, in accordance to a White Home formal.
Biden is planning to discuss his “tactic of investing in The united states and rebuilding global alliances,” the formal mentioned in a assertion.
It is not the 1st time the president has called a huddle with organization executives, as the two the White Dwelling and the non-public sector have experienced to navigate the economy’s wobbly put up-pandemic restoration around the past various a long time. In Oct, Biden hosted a different team of prime executives.
Tuesday’s meeting will be an option for Biden to face executives in some of the industries that he has been attempting to crack down on during his administration.
Months into his very first time period, Biden issued an govt buy that laid out an aggressive antitrust tactic to target huge business enterprise in industries like airlines, banking, cable, grocery, prescription drugs and tech.
The Federal Trade Commission and the Department of Justice’s antitrust division have been at the forefront of carrying out that agenda with a slew of lawsuits versus proposed mergers and other regulatory motion.
And as section of a broader siege versus what Biden phone calls “junk expenses,” the White Residence has issued regulations prohibiting specific expenses from airlines and credit history card businesses.
Further than coverage, Biden has turned up his rhetoric in opposition to firms, specifically to blame them for sticky inflation and other lingering financial woes that have dimmed consumers’ outlook on the economy’s restoration.
“Any company that has not introduced their charges back down, even as inflation has come down, even as the source chains have been rebuilt, it’s time to cease the cost gouging,” Biden mentioned in November. “Give the American shopper a crack.”
