Biden Pitches COVID Relief Proposal to Business Leaders

February 9, 2021 by TWN Staff
Biden Pitches COVID Relief Proposal to Business Leaders
Screenshot of JP Morgan CEO Jamie Dimon at the World Economic Forum.

WASHINGTON – President Joe Biden invited a select group of business leaders to the White House Tuesday afternoon to hear their thoughts and hopefully garner their support for his $1.9 trillion COVID relief plan.

Sitting with his back to the fireplace in the Oval Office under portraits of Thomas Jefferson and Alexander Hamilton, Biden was joined by Vice President Kamala Harris and Treasury Secretary Janet Yellen.

Between them and the room’s defining feature, the Resolute desk, were JP Morgan CEO Jamie Dimon, who shared a couch with Yellen, U.S. Chamber of Commerce CEO Tom Donohue, who was seated to Harris’s right, and Marvin Ellison, CEO of Lowe’s, Doug McMillon, CEO of Walmart, and Sonia Syngal, the CEO of the Gap Inc., all of whom sat in winged-back chairs close to the president’s desk.

Everyone wore masks — Yellen wore two — and all maintained their social distance.

In brief remarks to reporters before the meeting began, Biden reiterated the need for his administration to tackle both the coronavirus and the anemic economy.

“We can’t let one wait,” he said.  “We can’t get everybody well and then move on the economy.  We have to move quickly on both.”

Biden also said he was anxious to hear what the business leaders had to say about how the administration is approaching the issue. His goal, he said, was “to see if we can find some common ground. 

“I know I’ve found some common ground with some of my Republican friends and a lot of the Democrats as well, so I’m optimistic,” he said.

In addition to the recovery package, the president said he also wanted to talk to the business leaders about infrastructure and about raising the minimum wage.

“As I’ve said before — you’ve heard me say it to labor groups and others as well — the American people are hurting,” Biden said. “There’s a lot of people who are in real, real trouble.  A lot of people going to bed at night, staring at the ceiling wondering whether they’re going to be in that apartment the next day, or if they’re going to be evicted, or if they’re going to keep their mortgage payment up, if they’re going to have any health insurance.  We’ve got millions of people unemployed … There’s a whole range of issues, but I think they’re all soluble.  I think they’re all within our capacity.”
 
Later, Biden spoke of his ongoing talks with congressional Republicans.

“I’ve been exchanging correspondence with them and telephone calls, as well, to see if there’s any way we can follow up beyond where we are, and I’ve been meeting with the members of the House and the Senate as well,” he said.

“I think we’re in a position to think big and move big…”

A+
a-
  • business leaders
  • coronavirus relief package
  • COVID relief bill
  • Joe Biden
  • In The News

    Health

    Voting

    White House

    April 13, 2024
    by Dan McCue
    Iran Launches Drone Attack Against Israel

    WASHINGTON – Iran launched a drone against Israel, the Israeli military said Saturday afternoon, in apparent retaliation for a deadly... Read More

    WASHINGTON – Iran launched a drone against Israel, the Israeli military said Saturday afternoon, in apparent retaliation for a deadly Israeli airstrike in early April on the Iranian Embassy complex in Damascus, Syria. President Joe Biden cut short his weekend stay at his vacation home in... Read More

    April 12, 2024
    by Dan McCue
    277,000 More Student Loan Borrowers to Benefit From Biden Debt Relief

    WASHINGTON — The Biden administration announced Friday that it is canceling the student loan debt of another 277,000 borrowers as... Read More

    WASHINGTON — The Biden administration announced Friday that it is canceling the student loan debt of another 277,000 borrowers as part of a new repayment plan intended to speed relief to those buckling under the load of excessive educational expenses.  The dollar value of the latest... Read More

    April 12, 2024
    by Dan McCue
    President Hosts ‘Historic’ Trilateral Meeting With Japanese, Philippines Leaders

    WASHINGTON — President Joe Biden welcomed Japanese Prime Minister Fumio Kishida and Philippines President Ferdinand R. Marcos Jr. to the... Read More

    WASHINGTON — President Joe Biden welcomed Japanese Prime Minister Fumio Kishida and Philippines President Ferdinand R. Marcos Jr. to the White House Thursday afternoon for a trilateral meeting he called the beginning of a “new era of partnership” in the Indo-Pacific. With that, however, Biden wasted... Read More

    Japanese Prime Minister Fumio Kishida to Address Congress Amid Skepticism About US Role Abroad

    WASHINGTON (AP) — Japanese Prime Minister Fumio Kishida will head to Capitol Hill on Thursday for an address to U.S. lawmakers meant... Read More

    WASHINGTON (AP) — Japanese Prime Minister Fumio Kishida will head to Capitol Hill on Thursday for an address to U.S. lawmakers meant to underscore the importance of keeping a strong partnership between the two countries at a time of tension in the Asia-Pacific and skepticism in Congress about... Read More

    April 10, 2024
    by Dan McCue
    President Celebrates ‘Unbreakable Alliance’ During Japanese Prime Minister’s Visit

    WASHINGTON — President Joe Biden feted his Japanese counterpart Prime Minister Fumio Kishida during the latter’s state visit here on... Read More

    WASHINGTON — President Joe Biden feted his Japanese counterpart Prime Minister Fumio Kishida during the latter’s state visit here on Wednesday, while also announcing a series of moves intended to deepen cooperation between the two nations on several fronts. “The unbreakable alliance between Japan and the... Read More

    Justice Department Blasts GOP Effort to Hold Attorney General Garland in Contempt Over Biden Audio

    WASHINGTON (AP) — The Justice Department on Monday blasted Republicans' effort to hold Attorney General Merrick Garland in contempt over his refusal... Read More

    WASHINGTON (AP) — The Justice Department on Monday blasted Republicans' effort to hold Attorney General Merrick Garland in contempt over his refusal to turn over unredacted materials related to the special counsel probe into President Joe Biden’s handling of classified documents. In a letter obtained by The Associated Press,... Read More

    News From The Well
    scroll top