


The program mirrors the existing QuickPay initiative that requires the federal government to pay small contractors quickly, ideally within 15 days. The White House said that program has accelerated more than $220 billion worth of payments to federal contractors, making it easier for those businesses to grow.

Walgreens, FedEx and IBM are among the other companies with household names that have agreed to participate. The initiative comes as Obama is attempting to use his power to bring people together to spur economic growth despite opposition to his legislative agenda in Congress.