CEOs from Nike, Procter & Gamble and Alcoa gathered at the Brookings Institution Tuesday for a day-long series of panels addressing job creation, economic competitiveness and innovations in technology. Participants included: Philip Knight, chairman and co-founder of Nike; Robert McDonald Chairman, president and CEO of Procter & Gamble and Klaus Kleinfeld, chairman and CEO of Alcoa.  They discuss a range of topics from local innovation to global competition.  

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Chamber of Commerce President Thomas Donohue delivered the group's annual State of American Business address.  He called on lawmakers to “put the country first” as they grapple with fiscal issues.

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Senator Tom Harkin (D-IA) and Rep. Chris Van Hollen (D-MD) were joined by small business owners for a press conference today on Capitol Hill on the so-called "fiscal cliff."  The event was styled after the New Year's festivities at New York's Times Square and urged Congressional Republicans not to "drop the ball" on middle class families.

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Lawmakers from both sides of the aisle said on Wednesday that Washington would avoid the so-called “fiscal cliff” with some kind of agreement before the end of the year. House Budget Committee Ranking Democrat Chris Van Hollen (D-MD), Tennessee Republican Senator Bob Corker and others spoke at a forum on the debt negotiations hosted by Bloomberg Government and Deloitte Consulting company. The “cliff” includes the end of the Bush-era tax cuts and the start of automatic spending cuts that were agreed to in the 2011 debt ceiling deal.

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Leading Authorities Inc, a progressive lecture agency, hosted a discussion with business leaders on key economic and business issues in the upcoming Presidential and Congressional elections.

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Chief Economist at the Chamber of Commerce Dr. Martin Regalia said Friday’s job numbers weren’t enough to drive unemployment down and that the participation rate in the workforce is at a 30-year low. He added the economy is growing at a “pedestrian pace” and that the “fiscal cliff” is the most important issue that Congress has to address in the short run.  

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House Majority Leader Eric Cantor (R-VA) held a news briefing with reporters focusing his remarks on the impact of federal regulations on the economy and small businesses.  Majority Leader Cantor has deemed this Congressional work period “red tape reduction week," which aims at placing a moratorium on government regulations.

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The House Financial Services Committee held two hearings to learn about the effects of implementing the Dodd-Frank financial oversight law. The morning session examined how the consequences of the Dodd-Frank Act are felt far from Wall Street by looking at the law’s impact on families, communities and small businesses.  Witnesses from credit unions and small banks testified.

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President Obama conducted a small business roundtable discussion with small business owners and SBA Administrator Karen Mills.  During his remarks, the president called on Congress to provide tax breaks for small businesses that hire more workers or raise existing wages.

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Senate Democratic leaders discussed the House Republicans’ Small Business Tax Cut Act just before the House voted on it this afternoon. The legislation sponsored by Majority Leader Rep. Eric Cantor would provide a one-year, 20 percent tax deduction for companies with fewer than 500 workers, among other provisions.

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