On Friday, President Barack Obama announced he would sign an Executive Order directing every relevant agency of the Federal government to take steps in identifying bottlenecks to competition and to create new ways to increase competition in the economy. The Executive Order puts agencies on a fast-track path to, within 60 days, identify the steps they’ll take.
“Competition is good for consumers,” Obama told Yahoo Finance in an interview at the White House on Thursday. “And ultimately it’s good for business. That’s the way the free market works. The more competition we have, the more products, services, innovation takes place.” Continue reading “Obama to sign executive order to ignite corporate competition”

