U.S. President Barack Obama began his first full day of a vacation on Martha’s Vineyard in Massachusetts with a round of golf with Robert Wolf, a friend and top Wall Street backer of his 2012 re-election campaign.
JPMorgan Chase & Co., the bank that incurred a $6.2 billion trading loss last year, will elect Linda B. Bammann and Michael A. Neal to its board and named Lee R. Raymond as lead independent director, giving him more powers.
Even as President Barack Obama was being attacked in campaign commercials funded in part by America’s business elite, he was making plans to enlist corporate chiefs to help in his first post-election battle.
President Barack Obama said he and 20 company executives made “good progress” during a four and a half hour meeting toward establishing closer cooperation between government and business to accelerate the U.S. economic recovery.
President Barack Obama told the first meeting of his panel of outside economic advisers that the U.S. must deal with stubbornly high unemployment even as the recovery from the recession is well under way.
Lois Dare stood up at a town hall in Cannon Falls, Minnesota, last week and told President Barack Obama that she slept in her truck for two nights to ask him about Social Security. She said she was recovering from lung cancer surgery and had been denied disability benefits.