Summary of White House urges dockworkers and East Coast ports to avoid strike
Summary of White House urges dockworkers and East Coast ports to avoid strike
The source article:
White House urges swift return to bargaining table to avert major port strike as time runs out. Analysts warn of significant disruptions to supplies and potential economic losses. Despite possible $4.5-$7.5 billion weekly impact, overall effect on GDP projected at modest 0.1%. Administration confident in supply chain resilience, preparedness to address challenges. Biden administration engaging with various sectors to assess impact. No plans to invoke Taft-Hartley Act for cooling-off period. Emphasis on supporting collective bargaining for fair worker-employer agreements.
The source article:
quoting nevent1q…gdrdWhite House urges dockworkers and East Coast ports to avoid strike
A government task force is ready to help minimize supply-chain disruptions in case of a prolonged East Coast port strike, Biden administration says
https://www.cbsnews.com/news/port-strike-2024-east-coast-workers/
White House urges swift return to bargaining table to avert major port strike as time runs out. Analysts warn of significant disruptions to supplies and potential economic losses. Despite possible $4.5-$7.5 billion weekly impact, overall effect on GDP projected at modest 0.1%. Administration confident in supply chain resilience, preparedness to address challenges. Biden administration engaging with various sectors to assess impact. No plans to invoke Taft-Hartley Act for cooling-off period. Emphasis on supporting collective bargaining for fair worker-employer agreements.