By Sam Smith

National Journal – President Obama today will name General Electric CEO Jeff Immelt chairman of the new Council on Jobs and Competitiveness, the White House announced. . .

Immelt, GE’s CEO since September 2001, met with the president earlier this week and attended Wednesday’s state dinner with Chinese President Hu Jintao. He will guide the president on a tour of GE headquarters in Schenectady, N.Y., today. Immelt, a Republican, donated to both Hillary Rodham Clinton and John McCain during the last presidential cycle, but not President Obama, according to Bloomberg.

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