December 28, 2024

U.S. President Joe Biden talks about his Invest in America agenda at the Wilmington Convention Center on May 2, 2024 in Wilmington, North Carolina.

Mandel Yan | AFP | Getty Images

President Joe Biden is scheduled to meet Tuesday afternoon with a group of executives from various industries, some of whom are targets of his regulatory agenda.

The guest list includes United Airlines CEO Scott Kirby, Citi CEO Jane Fraser, Evercore founder and senior chairman Roger Altman, Marriott International CEO Anthony Capuano, Flex CEO Revathi Advaithi, Bechtel Group CEO Brendan Bechtel, former Xerox CEO executive Ursula Burns and Corning CEO Wendell Weeks, according to a white house Official.

The official said in a statement that Biden planned to discuss his “strategy for investing in America and rebuilding international alliances.”

It’s not the first time the president has held meetings with business executives, as both the White House and the private sector have had to contend with the economy’s shaky recovery from the pandemic over the past few years. In October, Biden hosted another group of senior executives.

Tuesday’s meeting will be a chance for Biden to come face to face with some of the industry executives he has sought to crack down on during his administration.

Months into his first term, Biden issued a executive order The bill creates an aggressive antitrust measure targeting big companies in industries including airlines, banks, cable TV, groceries, pharmaceuticals and technology.

The Federal Trade Commission and the Justice Department’s antitrust divisions have been at the forefront of enforcing this agenda, filing a series of lawsuits over proposed mergers and other regulatory actions.

As part of a broader siege against Biden’s so-called “junk fees,” the White House issued rules prohibiting airlines and credit card companies from charging certain fees.

Beyond policy, Biden has criticized businesses, specifically blaming them for causing sticky inflation and other lingering economic woes that dim consumers’ prospects for an economic recovery.

“Even if inflation has come down, even if supply chains have been rebuilt, any company that has not lowered prices should stop price gouging,” Biden said in November. “Give American consumers a break.”

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