U.S. President Joe Biden expressed confidence that workers at the nation's three large automakers are unlikely to go on strike, despite a looming contract deadline later this month.
The United Auto Workers' threat to strike against major automakers could test Joe Biden's claim of being the most pro-union president in US history and have significant economic and political implications, potentially causing car shortages and layoffs in auto-supply industries and other sectors.
President Joe Biden faces the challenge of navigating the potential UAW strike against the Big Three automakers, balancing his support for the union with the potential economic consequences.
The leader of the United Auto Workers, Shawn Fain, is frustrated with President Joe Biden and other Democratic lawmakers for not coming out more aggressively in support of his union during their strike against the Big Three automakers.
The United Auto Workers union rally in downtown Detroit, disputing President Biden's comments that talks "broke down," and stating that 80% of their demands have been left off of the automakers' proposals.
Talks between the Detroit Three automakers and the United Auto Workers continue with workers on strike, as President Joe Biden sends a team to help resolve the strike.
President Joe Biden, known for his support of unions, has thrown his full support behind the United Autoworkers in their strike against Stellantis, Ford, and General Motors, as he seeks to maintain the support of union workers in Rust Belt states crucial to his reelection in 2024.
Some allies of President Joe Biden are concerned that Donald Trump's visit to Detroit for a speech during the auto workers' strike shows that Trump may be more politically savvy than previously thought, prompting Biden's team to consider sending a top lieutenant to the picket line to counter Trump's influence.
President Joe Biden will visit Michigan and join the United Auto Workers union on the picket line in a show of support amid the ongoing autoworkers strike, highlighting the political significance of the strike and the potential impact on Biden's reelection bid.
President Biden will join striking United Auto Workers (UAW) in Detroit, making a highly unusual move for a president and emphasizing his pro-union stance.
Democratic Representative Dan Kildee joined the United Auto Workers picket line in Michigan, stating that their struggle for higher wages and better benefits will benefit everyone in his community.
Transportation Secretary Pete Buttigieg defends President Biden's decision to join the picket line of auto workers in Michigan, stating that Biden has always stood with American workers and is the most pro-union president compared to any modern president.
Summary: The United Auto Workers' strike against the Big Three automakers continues, with Ford reaching a deal with Canadian auto workers but no breakthroughs in negotiations with the UAW, as President Joe Biden prepares to visit the picket lines amid concerns over parts and supply shortages.
Stocks on Wall Street fell as investors became increasingly skeptical of an interest rate cut by the Federal Reserve, with the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all experiencing losses; concerns about inflation and a potential government shutdown also impacted market sentiment. Additionally, President Joe Biden visited United Auto Workers (UAW) picket lines in Michigan, where he expressed support for the unions and the middle class, while tensions between Amazon and regulators increased as the Federal Trade Commission and 17 state attorneys general filed a lawsuit accusing the e-commerce giant of monopolistic practices.
Former President Obama's auto industry task force head, Steven Rattner, criticizes President Biden's visit to a United Auto Workers picket line in Michigan, calling it "outrageous" and stating that the tradition for presidents is to stay neutral in such matters.
President Joe Biden joined striking autoworkers on the picket line and voiced his support for the United Auto Workers union strike, but not everyone agrees with his viewpoint on unions. Peter Schiff, CEO and chief global strategist at Euro Pacific Capital, criticizes Biden's claim and warns of a financial crisis worse than 2008. Schiff recommends investing in gold as a safeguard against the impending disaster.
President Joe Biden pledges to "work with" whoever becomes the next House speaker, expressing his willingness to cooperate with the individual who holds such a powerful position in the Congress.
