WASHINGTON — President Barack Obama tells business CEOs that he wants to work with them on some "tricky questions" about how to make wages grow at a time when corporate profits are at 60-year highs.
Obama says he is generally optimistic about the U.S. economy but says he worries the prosperity is not felt by all Americans.
He tells CEOs he will make a push to conclude a trade deal with Europe and break through obstacles in the way of a broad trans-Pacific trade agreement.
His remarks came ahead of his meeting with Republican Sen. Mitch McConnell, the incoming Senate majority leader in the new Congress.
McConnell said Tuesday that trade was among the issues where he and Obama could work, but noted that is an issue more popular with Republicans than Democrats.
THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below.
President Barack Obama is meeting with leading CEOs to discuss ways to promote the economy and create jobs during his last two years in office.
Obama on Wednesday will attend the quarterly meeting of the Business Roundtable, an association of CEOs. Obama plans to give a speech and take questions.
The White House says Obama will use the meeting to promote bipartisan opportunities to grow the economy and the middle class, such as tax reform, infrastructure spending and trade agreements.
In the weeks since the midterm elections, Obama has cited those three issues as examples of where Democrats and Republicans might be able to compromise. Heavy Democratic losses in the elections diminished Obama's prospects for passing most of his other legislative priorities before leaving office.
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