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 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.
As speculation grew that Federal Reserve Vice Chairman Janet Yellen would be nominated to lead the central bank, her appointment book beginning in April became peppered with meetings with the titans of finance.
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.