Accounting firms would have to disclose the name of the partner in charge of a public-company audit as well as all outside firms that worked on the report under a proposal approved by the industry’s regulator.
Over the next 12 months, the Obama administration is due to issue regulations governing everything from e-cigarettes to smoke-stack emissions in what experts predict will be a second-term rush to put rules in place before leaving office.
Thomas Donohue, the president and chief executive officer of the U.S. Chamber of Commerce, said that while his organization respects the small-government instincts of Tea Party Republicans, he can’t support efforts to shut down the government or block increases to the debt ceiling.
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.