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Weekly Wrap Up: Doing Business in America

What happened this week on

What happened this week on

BusinessUSA:  Friday morning, the President announced a new plan that will make it easier to do business in America. Currently a complex web of different federal departments provide access to resources and services for business. President Obama wants to cut through the bureaucratic mess and consolidate unnecessary departments. That's why he's asking Congress for the authority to merge six entities into a single department tasked with boosting American business and promoting competitiveness.

Creating Jobs: The President  hosted an event with top business leaders to discuss what the administration can do to help bring jobs back to the United States. The “Insourcing American Jobs” forum is a part of the President Obama's larger plan to jumpstart the American economy and restore the economic security of the middle class.

Chief of Staff: The President announced that Chief of Staff Bill Daley will resign and return to Chicago. Replacing Daley will be Jack Lew – the current director of the Office of Management and Budget.  The President praised Daley’s service, saying that no one had been force to make more important decisions more quickly. 

NBA Champs: On Monday, the President the Dallas Mavericks on their 2011 NBA championship. Headed into the NBA Finals, a lot of folks tried to write the Mavericks off, but Dallas won the series in six games, the President said, because they knew how to play smart: “[These] players got it done because they know how good teams win -- not just by jumping higher or running faster, but by finding the open man, working together, staying mentally tough, being supportive of each other, playing smarter.” While at the White House, the players also met with some wounded warriors – something they also take the time to do back in Dallas.