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Pablo Martinez Monsivais / AP

CEOs on President Trump's top outside business-advisory group decided Wednesday to disband amid the tumult over his response to this weekend's white-nationalist violence in Charlottesville, top business sources tell Axios.

  • The group, the President's Strategic and Policy Forum, is chaired by Stephen A. Schwarzman, chairman, CEO and co-founder of Blackstone.
  • "Debate over the forum has become a distraction and the group has decided to disband," a top executive said as a conference call of the CEOs continued.
  • How it happened: The decision was made quickly, the executive said: "Given the comments of the last several days, no one could continue to be seen as supporting this kind of divisiveness."

Why it matters: Trump's "both sides" response to the violence has made CEOs even more wary of interacting with the White House, with many of them facing pressure from employees and shareholders to distance themselves. We are witnessing the swiftest, biggest big business rebuke/revolt of the Trump presidency.

The forum is separate from another advisory group, focused on manufacturing, that has seen several CEO defections this week.

List of members, via Axios' Erica Pandey:

  • Paul Atkins, Patomak Global Partners
  • Mary Barra, General Motors
  • Toby Cosgrove, Cleveland Clinic
  • Jamie Dimon, JPMorgan Chase
  • Larry Fink, BlackRock
  • Rich Lesser, Boston Consulting Group
  • Doug McMillon, Wal-Mart
  • Jim McNerney, formerly Boeing
  • Indra Nooyi, PepsiCo
  • Adebayo "Bayo" Ogunlesi, Global Infrastructure Partners
  • Ginni Rometty, IBM
  • Stephen A. Schwarzman, Blackstone
  • Kevin Warsh, former board member at the Federal Reserve, Hoover Institute
  • Mark Weinberger, Ernst & Young
  • Jack Welch, formerly General Electric
  • Daniel Yergin, IHS Markit
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Go deeper

Senate Democrats reach deal on extending unemployment insurance

Photo: Alex Wong/Getty Images

Senate Democrats struck a deal Friday evening to extend unemployment insurance in President Biden's $1.9 trillion COVID-19 relief package after deliberating and halting other action for roughly nine hours, per a Senate aide.

Why it matters: The Senate can now resume voting on other amendments to the broader rescue bill.

Capitol review panel recommends more police, mobile fencing

Photo: Olivier Douliery/AFP via Getty Images

A panel appointed by Congress to review security measures at the Capitol is recommending several changes, including mobile fencing and a bigger Capitol police force, to safeguard the area after a riotous mob breached the building on Jan. 6.

Why it matters: Law enforcement officials have warned there could be new plots to attack the area and target lawmakers, including during a speech President Biden is expected to give to a joint session of Congress.

Financial fallout from the Texas deep freeze

Illustration: Annelise Capossela/Axios

Texas has thawed out after an Arctic freeze last month threw the state into a power crisis. But the financial turmoil from power grid shock is just starting to take shape.

Why it matters: In total, electricity companies are billions of dollars short on the post-storm payments they now owe to the state's grid operator. There's no clear path for how they will pay — something being watched closely across the country as extreme weather events become more common.