The White House announced on Friday that Paul Otellini will be named to Council on Jobs and Competitiveness. Obama will announce Otellini's appointment on Friday as he travels to Oregon and tour Intel Corp.'s semiconductor manufacturing facility, Los Angeles Times reported.
The Council on Jobs and Competitiveness was created in January to replace the old Economic Recovery Advisory Board. Obama created the latter when he took office in an attempt to stimulate economic recovery and solve America's financial crisis. The body expired on February 6.
The US President has said he wants to lower the corporate tax rate and eliminate tax loopholes to give American businesses more room to grow.'
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