Chamber of Commerce President Praises White House

The U.S. Chamber of Commerce produced big-time for Republicans during last year’s elections. Now Chamber President Tom Donohue (pictured) compliments the White House for an improved attitude toward business, but he says his organization is still worried about over-regulation, The Hill reports.

In his annual State of American Business address, Donohue says, "Last year, we worried about a double-dip recession. Today, we are cautiously optimistic recovery will continue and pick up steam as the year progresses.

"November's election results, the tax package, progress on the Korea trade agreement, and a new tone coming out of the White House have addressed some of the business community's immediate concerns. Yet uncertainty among companies, lenders, and investors still abounds," Donohue adds.

"Our approach in Washington will be to call them as we see them. We'll continue to have our differences with the White House on some issues, but we'll work together on other issues.

"We'll support the new House leadership on many occasions, and we'll work with Democratic legislators as well, but no one should expect the Chamber to march in lock step with anyone," Donohue says.