The U.S. economy will expand by 3.2 percent this year and add 2.4 million jobs, Chamber of Commerce President Thomas Donohue said as the nation’s largest business group offered an optimistic forecast for 2011.
The U.S. economy will slow early this year from the pace at the end of 2011, then accelerate and finish with an annual growth of less than 3 percent, U.S. Chamber of Commerce President Thomas Donohue said as the nation’s largest business group offered its forecast for 2012.
U.S. Chamber of Commerce President Thomas Donohue denied Democratic Party charges that the business lobbying group buys political ads with money from foreign donors, and promised to “ramp up” its election activities.
The Republican victories in Congress mean U.S. companies from Goldman Sachs Group Inc . to WellPoint Inc . may be able to weaken or block what they consider President Barack Obama ’s anti-business policies on health care, the environment, taxes and financial reform.
House Transportation and Infrastructure Committee Chairman Bill Shuster used his first hearing to head off fellow Republicans who support paring the U.S. highway program and sending more money to the states.