Photo: U.S. Chamber of Commerce

Suzanne Clark, president of the U.S. Chamber of Commerce, announced Project GO (Growth, Opportunity & Innovation) in a speech Tuesday that continued the trend of business leaders acknowledging shortcomings in capitalism.

What she's saying: Clark focused on "the businesses role in solving some of the most urgent socio-economic challenges of our day ... and the important supporting role of government."

  • "The fundamental challenge we face today is to preserve the ability of our nation’s companies, to grow, innovate, and drive prosperity under a system of free and fair capitalism, while also acknowledging and addressing the shortcomings in the system."
  • "There are better answers than sweeping government mandates. ... [N]either business nor government can solve these issues alone."

Clark pointed to "growing diversity on corporate boards —not through quotas or arbitrary mandates — but through disclosure and dialogue."

Go deeper: CEOs are America's new politicians

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Pelosi on state of coronavirus stimulus talks: "It's a chasm"

Democrats and the Trump administration remain "miles apart" on negotiations over a coronavirus stimulus deal, House Speaker Nancy Pelosi (D-Calif.) said on Wednesday.

Driving the news, via Axios' Dion Rabouin: Congress' failure to renew enhanced unemployment measures for millions of Americans at the end of July is already affecting consumer spending patterns, holding down retail purchases and foot traffic, economists at Deutsche Bank say.

Updated 26 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

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  5. Education: Gallup: America's confidence in public school system jumps to highest level since 2004.
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U.S. threatens to veto UN peacekeeping in Lebanon over Hezbollah concerns

Peacekeepers with Lebanese troops in southern Lebanon. Photo: Jalaa Marey/AFP via Getty

The Trump administration is threatening to veto a resolution to extend the UN's long-standing peacekeeping mission in southern Lebanon if its mandate isn't changed, Israeli and U.S. officials tell me.

Why it matters: The U.S. is the main funder of the UN Interim Force in Lebanon (UNIFIL), which has an annual budget of $250 million. The veto threat is a tactical move, and part of a broader effort to put pressure on Iran and its proxy in Lebanon, Hezbollah.