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Obama calls for a 'Secretary of Business'

In an interview with MSNBC, the president said he wants to consolidate a number of business and trade-related agencies, creating a "one-stop shop" for oversight. 

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Caught in a neck-and-neck run with a GOP challenger highlighting his private sector experience, the president is now pushing his own ideas to help business.

"I’ve said that I want to consolidate a whole bunch of government agencies. We should have one Secretary of Business, instead of nine different departments that are dealing with things like giving loans to SBA [the Small Business Administration] or helping companies with exports," he said in an interview with MSNBC's Mika Brezezinski and Joe Scarborough.

Read more on The Hill's On the Money blog.