Come By The House For A Chat: President Biden Welcomes Prominent CEO’s To Discuss The Economy, Minimum Wage And The Stimulus Package.

President Joe Biden, accompanied by Vice President Kamala Harris and Treasury Secretary Janet Yellen, meets with business leaders to discuss a coronavirus relief package in the Oval Office of the White House, Tuesday, Feb. 9, 2021, in Washington. (AP Photo/Patrick Semansky)

President Joe Biden hosted business heavyweights on Tuesday in hopes of furthering progress on his $1.9 trillion COVID-19 stimulus package.

“The American people are hurting, a lot of people are in real, real trouble,” Biden told reporters in the Oval Office during a meeting that included JP Morgan chief executive Jamie Dimon; CEO of Gap, Inc., Sonia Syngal; Marvin Ellison, CEO of Lowe’s; and the outgoing U.S. Chamber of Commerce CEO Tom Donohue.

Biden began the meeting, also including Vice President Kamala Harris and Treasury Secretary Janet Yellen, with a 15-minute speech. He underscored the importance of a $15-an-hour minimum wage and his commitment to returning jobs lost during the pandemic.

According to a source in a New York Times story, the discussions lasted 90 minutes with main topics including minimum wage, earned-income tax credits and other forms of economic stimulus.

Each of the business executives had an opportunity to speak.

McMillon focused on how Walmart is working toward increasing wages; Syngal stated her position in retail allows a clear vision that women and minorities are being hurt most; Ellison echoed the vital role jobs will play in the recovery and Dimon identified good policy as a key player in healthy economic growth.

Biden stressed that his American Rescue Plan, a package meant to address the coronavirus pandemic and strengthen a damaged American economy, is part of his efforts to work in a bipartisan manner.

Biden will travel to Wisconsin next week and participate in a CNN town hall to talk about his domestic agenda.

“We have kids not in school. We have a whole range of issues, but they are solvable,” he said.

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