Biden Pitches COVID Relief Proposal to Business Leaders

February 9, 2021 by TWN Staff
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…”

In The News

Health

Voting

White House

Biden's Cabinet Half-Empty After Slow Start in Confirmations
White House
Biden's Cabinet Half-Empty After Slow Start in Confirmations

WASHINGTON (AP) — President Joe Biden's Cabinet is taking shape at the slowest pace of any in modern history, with just over a dozen nominees for top posts confirmed more than a month into his tenure. Among Biden's 23 nominees with Cabinet rank, just 13 have... Read More

Budget Nominee Tanden Withdraws Nomination Amid Opposition
Political News
Budget Nominee Tanden Withdraws Nomination Amid Opposition

WASHINGTON (AP) — President Joe Biden's pick to head the Office of Management and Budget, Neera Tanden, has withdrawn her nomination after she faced opposition from key Democratic and Republican senators for her controversial tweets.  Her withdrawal marks the first high-profile defeat of one of Biden's... Read More

Rival Companies to Work Together in COVID Fight
Health
Rival Companies to Work Together in COVID Fight
March 2, 2021
by TWN Staff

Pharmceutical giant Merck & Co. will help produce rival Johnson & Johnson’s newly approved coronavirus vaccine in an effort to expand supply more quickly, the White House announcedTuesday. The partnership will help advance the administration's goal of speeding up production of the single-dose vaccine and accelerate... Read More

Biden Tells Virtual Gathering Face Mask Distribution Coming
White House
Biden Tells Virtual Gathering Face Mask Distribution Coming
February 24, 2021
by TWN Staff

WASHINGTON — President Joe Biden said during a virtual meeting with essential workers on Wednesday that the administration plans to distribute millions of cloth face masks beginning early next month. According to a statement from the White House, the reusable, American-made masks will be available beginning in March... Read More

Biden to Order a Review of US Supply Chains for Vital Goods
White House
Biden to Order a Review of US Supply Chains for Vital Goods

WASHINGTON (AP) — President Joe Biden is preparing to sign an executive order to review U.S. supply chains for large-capacity batteries, pharmaceuticals, critical minerals and semiconductors that power cars, phones, military equipment and other goods.  The United States has become increasingly reliant on imports of these... Read More

Biden Stands Firm on Tanden for OMB
Political News
Biden Stands Firm on Tanden for OMB
February 19, 2021
by Dan McCue

WASHINGTON - President Joe Biden told reporters waiting for him at Joint Base Andrews Friday evening he has no intention of withdrawing the nomination of Neera Tanden to lead the White House Office of Management and Budget. A short time later, in a statement from the... Read More

News From The Well
scroll top