President Obama’s Jobs and Competitiveness Council will release a plan for short- and long-term economic growth on Monday, the White House said Friday.
The council, headed by General Electric CEO Jeffrey Immelt, has spent three months on the plan, and it will call for some government spending, senior adviser Valery Jarrett acknowledged Friday.
“The jobs council will be releasing their ideas. Many of them can be done without spending any public-sector money,” she said.
She said that the plan will include specific recommendations on rolling back regulations that burden business, as well as ways to spur private-sector investment. There will be a focus on certain sectors for growth potential, including manufacturing, healthcare, tourism and construction, she said.
The plan will be released at the second meeting of the Council in Raleigh, N.C. Members of the administration will hold five listening sessions with local businesses in the Raleigh-Durham area that day.
Jarrett told reporters on a press call that National Economic Council Director Gene Sperling has been working “tirelessly” to get a deal with congressional Republicans to pass the pending free trade agreements with Colombia, Panama and South Korea. The White House will not submit the deals to Congress until a deal on extending expanded Trade Adjustment Assistance benefits for workers who lose their jobs due to free trade deals can be struck.