Obama to address business lobby

jobs.gi.top.jpgThe U.S. Chamber of Commerce headquarters sits just feet from the White House campus. They've used the building to send a message to President Obama. By Charles Riley, staff reporter


NEW YORK (CNNMoney) -- It's finally happening.

After months of trying to pin down a time that works for both parties, President Obama will march out of the White House on Monday morning and make his way across H Street to the headquarters of the U.S. Chamber of Commerce.

Once there, he will deliver a speech to more than 200 members of the Chamber, a business lobby that is among the most influential players in Washington.

The meeting is seen as another sign of the thawing relationship between the Obama administration and the business community. It took months to materialize after first being floated by the administration in November.

For Obama, it will mean playing nice with a group that has been vocally opposed to many of his policies.

Indeed, in the months leading up to November's midterm elections, the White House and Chamber lobbed rhetorical rocks back and forth at one another.

The Chamber opposed Obama on health care, tax policy, regulation and Wall Street reform. And they backed their words with cash. In 2010, the group gave millions of dollars in campaign donations to Republican candidates.

Obama responded by using the Chamber as a political punching bag in the final days of the campaign, accusing the group of funneling money from overseas to support Republican candidates.

But shortly after the election, both sides began to sing a different tune. Obama invited 20 CEOs to the White House for a conversation about the economy. The Chamber praised the move.

And during the lame-duck session of Congress, Obama and Republicans reached a compromise on a tax cut package that was supported by the Chamber, and he reached a free trade agreement with South Korea that won plaudits from the business community.

Then Obama had another "CEO summit," and focused much his State of the Union message on innovation and spurring job growth.

J.P. Fielder, a spokesman for the Chamber, said Friday the organization was looking forward to Obama's visit.

"From our perspective we are honored and pleased to have him coming over," Fielder said.  To top of page

Frontline troops push for solar energy
The U.S. Marines are testing renewable energy technologies like solar to reduce costs and casualties associated with fossil fuels. Play
25 Best Places to find rich singles
Looking for Mr. or Ms. Moneybags? Hunt down the perfect mate in these wealthy cities, which are brimming with unattached professionals. More
Fun festivals: Twins to mustard to pirates!
You'll see double in Twinsburg, Ohio, and Ketchup lovers should beware in Middleton, WI. Here's some of the best and strangest town festivals. Play
Index Last Change % Change
Dow 16,960.57 -123.23 -0.72%
Nasdaq 4,449.56 -22.55 -0.50%
S&P 500 1,978.34 -9.64 -0.48%
Treasuries 2.47 -0.04 -1.59%
Data as of 5:08pm ET
Company Price Change % Change
Facebook Inc 75.19 0.21 0.28%
Apple Inc 97.67 0.64 0.66%
Bank of America Corp... 15.59 -0.03 -0.19%
Ford Motor Co 17.62 -0.22 -1.23%
Applied Materials In... 21.23 -0.52 -2.41%
Data as of 4:03pm ET

Sections

The rideshare app will launch in New York on Friday evening, as the city's taxi commission comes to terms with the technology. More

A parody from Funny or Die features Kristin Bell as Mary Poppins, who refused to work for $7.25 an hour. More

Louisiana is now the top location for motion picture filming, supporting thousands of new jobs and small businesses. More

Managing other people is harder than it looks. While many bosses are well intentioned, most don't make the grade as truly great because they overlook some basic requirements in their interactions with employees and others in their company. More

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.