Business leaders around the world are taking a hard look at the latest shake up to the White House.
President Donald Trump has been trying to consolidate his power over the U.S. economy, but the Trump Administration is making it tougher to do so, as a slew of companies have decided to pull out of federal contracts, while leaving other industries untouched.
Here’s a look at some of the companies that have announced they are pulling out of the federal workforce.
The Washington Post/Getty ImagesBusinesses that have withdrawn from federal contracts include American Airlines, American Airlines Capital Corp., AAdvantage, Bank of America, Bankrate, Boston Beer, Coca-Cola, Coca Cola, Comcast, Disney, General Motors, Google, Microsoft, McDonalds, PepsiCo, Pepsi, Pepsi Cola Cola Inc., Priceline, Reebok, Target, Time Warner, Verizon, and Wal-Mart.
“The Trump Administration’s continued refusal to lift its own economic sanctions on Russia has left us all scrambling to find new ways to survive,” President Joe Biden said in a statement Monday.
“The stakes are high for our country’s economy, and it is imperative that we find a way to avoid a repeat of this tragedy.”
Other businesses that have said they are exiting the federal government include:Alibaba Group Holding Ltd., eBay Inc., General Electric Co., Facebook Inc., IBM Corp., Nike Inc., Oracle Corp., Starbucks Corp., and Walmart.
Companies that have stayed put include American Express Co., American Airlines Group Inc., Apple Inc., Amazon.com Inc., and Berkshire Hathaway Inc.
The Associated Press contributed to this report.