WASHINGTON (AP) - President Barack Obama is calling on the nation's business executives to "get in the game" and begin investing nearly $2 trillion accumulating on their balance sheets.
In a speech to the U.S. Chamber of Commerce, Obama called a cooperative relationship with the private sector and argued government and business have a shared responsibility for the economy. He promised to work to improve the tax code and regulations to give businesses more room to grow.
But, Obama told the executives that "businesses also have a responsibility to America" and corporate success needs to be shared with American workers, not just result in CEO bonuses.
The Chamber of Commerce headquarter is close enough to the White House that the president was able to walk across the street to make his comments. Obama's appearance comes as he tries to smooth relations with corporate leaders.