White House officials have approached American Express Co. Chief Executive Officer Kenneth Chenault about joining President Barack Obama’s second-term administration, possibly as Treasury secretary, according to two people familiar with the matter.
President Barack Obama named representatives from business and labor to his Council on Jobs and Competitiveness, including Kenneth Chenault , chief executive officer of American Express Co ., Richard D. Parsons , chairman of CitiGroup Inc., and Richard Trumka , president of the AFL-CIO.
President Barack Obama had just won re-election and his top advisers were in Chicago for the victory party. As they savored the moment, hugging one another and drinking champagne, Chief of Staff Jack Lew killed the buzz.
Treasury Secretary Timothy F. Geithner finds himself in a familiar position: eager to resume life outside government and facing contentious negotiations with Congress over raising the federal debt ceiling.
The Indian parliament’s lower house approved changes to banking laws, raising a cap on voting rights and giving more regulatory power to the Reserve Bank of India in a move that may attract investment to the industry.
President Barack Obama told almost two dozen current and former corporate leaders he’ll work with businesses to reduce hurdles to job creation, including regulations, while asking their help lobbying Congress on measures to boost the recovery.