Chamber Head Cautiously Optimistic about Economy
Washington (AP) - The president of the U.S. Chamber of Commerce says the condition of American business is improving and that the White House is adopting a more favorable tone toward the private sector.
But Thomas Donohue, in a speech at chamber headquarters Tuesday, said the chamber supports the repeal of President Barack Obama's signature health care law and warned of a regulatory "tsunami" that could damage the business community's ability to create jobs.
Donohue also called for greater spending on public infrastructure, from roads and bridges to broadband capacity. Deficit conscious Republicans, who control the House of Representatives, oppose additional government spending.
His remarks placed the chamber, the country's most influential trade association, at the center of Washington's economic debate, making it both partner and antagonist to both the administration and Republicans.