"President Barack Obama's jobs council called on Tuesday for a corporate tax overhaul, expanded domestic drilling and new regulatory reforms, a set of proposals unlikely to provide a quick fix for high unemployment or gain much traction in an election year."
"A panel of top U.S. business leaders advising Obama - whose re-election chances could hinge on whether he can boost the fragile economy - offered its latest job-creation prescriptions at a meeting with him at the White House.
Obama pledged to 'push as hard as possible' on their recommendations but also sought to temper expectations. 'Obviously this year is an election year, and so getting Congress focused on some of these issues may be difficult,' he cautioned his Council on Jobs and Competitiveness."
Matt Spetalnick reports for Reuters January 17, 2012.
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