Obama administration reaching out to business community

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(Reuters) – The White House moved on Tuesday to ease simmering tensions with the business community, telling corporate executives it has an “open door” and pledging to listen to their ideas.

President Barack Obama has come under criticism by some business groups, which charge that the administration’s regulatory and fiscal agenda is leading to uncertainty and is dampening job growth.

The healthcare reform legislation, financial regulatory reform and proposals to cap carbon emissions are cited by some in corporate America as examples of regulatory overreach. Business groups have also criticized Obama’s fiscal policies, warning of the danger of high deficits.

The administration has responded with efforts to reach out, including a June 30 meeting with the Business Roundtable, one of the main U.S. business lobbying groups.

Full Story: http://www.reuters.com/article/idUSTRE66A0AV20100713?type=politicsNews