According to the report, Obama met yesterday at the White House with Apple CEO Tim Cook, AT&T chief Randall Stephenson, and with Vinton Cerf, a renowned technologist considered one of the "fathers" of the Internet and currently a Google employee.
The subject of the meeting, which also included representatives of privacy rights groups, was the secret National Security Agency programs revealed by former intelligence contractor Edward Snowden.
Wanted on US espionage charges, Snowden has taken refuge in Russia, which last week granted him temporary asylum, infuriating Washington.
According to Politico, the White House had previously invited business leaders and interest groups to a meeting Tuesday with senior administration officials to discuss the issue.
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Since Snowden's revelations, Obama has insisted that the surveillance programs are legal and have helped to save lives by preventing attacks. He also has assured Americans that no one is listening in on their telephone calls.
The programs routinely scoop up the phone records of millions of Americans and monitor Internet and social media exchanges for foreign intelligence purposes.