Business groups including the National Association of Manufacturers and restaurant owners have given a cool reception to a congressional proposal to slow depreciation deductions as part of a tax-code revision.
A politically divided U.S. labor board proposed speeding up the process for employees to form a union, reviving a 2011 rule fiercely fought by business groups before it was thrown out by a court on a technicality.
President Barack Obama tonight will say the U.S. must break the economic stagnation of lower- and middle-income Americans, calling on Congress to work with him on “concrete, practical proposals” while vowing to act on his own wherever he can.
Some of the largest U.S. business groups are lining up behind President Barack Obama to pressure Congress to clear the way for a pair of trade deals that could set rules for more than half the world’s economy.
In recent days, some stalwart allies of the Republican Party -- Wall Street bankers along with several business lobbying groups -- have warned against the government shutdown. Rather than endorse House Republicans’ campaign to destroy the Affordable Care Act, business and financial leaders have politely suggested that the more radical elements Republicans are getting a bit carried away.