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Photo: Win McNamee/Getty Images

Consulting firm McKinsey & Company will allow Mayor Pete Buttigieg to release the list of clients he served while working for the company from 2007 to 2010, the Buttigieg campaign confirmed Monday.

Why it matters: Buttigieg has faced increased scrutiny for his time at McKinsey, especially in light of reports that the powerful firm helped Immigration and Customs Enforcement find “detention savings opportunities,” among other controversial projects. Buttigieg, who says he was mostly "making a lot of spreadsheets and PowerPoints" during his short time at the company, had been blocked from discussing his clients by a confidentiality agreement.

The big picture: Buttigieg's work at the secretive firm has also put him at odds with 2020 rival Sen. Elizabeth Warren, who recently released her former client list from her time working in corporate and legal consulting.

  • Buttigieg responded to pressure from Warren and others to be more "transparent" by vowing to make his future fundraisers open to the press and to release a list of the people who are fundraising for him.
  • Buttigieg also released a timeline of his work at McKinsey last Friday. The mayor claims he's "never worked on a project inconsistent with [his] values."

What they're saying:

"[W]e recognize the unique circumstances presented by a presidential campaign. After receiving permission from the relevant clients, we have informed Mayor Buttigieg that he may disclose the identity of the clients he served while at McKinsey from 2007 to 2010. Any description of his work for those clients still must not disclose confidential, proprietary or classified information obtained during the course of that work, or violate any security clearance.
We can further confirm that the clients Mayor Buttigieg described in his statement on Friday, December 6 are all of the clients he served during his time at McKinsey."
— McKinsey spokesperson

Go deeper ... Podcast: Mayor Pete's McKinsey problem

Go deeper

Updated 2 mins ago - Economy & Business

Janet Yellen co-opts Reaganomics phrase for new Davos speech

Treasury Secretary Janet Yellen at a speech this week. Photo: Alex Wong/Getty Images

The U.S. needs to focus on increasing its productive potential, Treasury Secretary Janet Yellen told world leaders Friday, calling for what she terms "modern supply side economics."

Why it matters: She co-opted a phrase traditionally used by political conservatives to describe low-tax and deregulatory policies — and framed the Biden administration's initiatives as the best path forward to achieve greater national prosperity.

National Archives releases Trump White House records to Jan. 6 panel

Photo: Chip Somodevilla/Getty Images

The National Archives on Thursday evening released records of former President Trump's White House to the House Jan. 6 Select Committee, the agency said.

Why it matters: The committee now has documents that Trump attempted to keep hidden, arguing that their release would undermine his executive privilege.

Worker shortage unleashes a forever jobs crisis

Illustration: Shoshana Gordon/Axios

Workers are in the driver's seat in the labor market, and that doesn't look likely to change anytime soon. It's also starting to alter the competitive landscape across the business world.

Driving the news: The terms of competition are shifting, especially in labor-intensive industries. The advantage goes to companies that have some distinct advantage in their ability to attract the best workers.