The union targeted one factory run by General Motors, one by Ford and one by Stellantis. Prolonged walkouts could hurt the U.S. economy and President Biden.
Category: United States Economy
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Will Restart of Student Loan Payments Be the Last Straw for Consumers?
Americans have continued spending despite dwindling savings and inflation. But retailers worry resuming loan payments could push some over the edge.
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The UAW’s Strike Poses Economic and Political Risks for Biden
The walkout by thousands of factory workers presents economic and political risks for the Big Three automakers, Midwestern states and President Biden.
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Biden Accuses Republicans of Undercutting Working-Class Americans
President Biden trained his criticism on House Republicans who are threatening to shut down the federal government if their budget cuts are not enacted.
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Senate Committee Backs Bill to Deepen U.S. Economic Ties With Taiwan
Legislation to end double taxation between Taiwan and the United States is intended to spur semiconductor investment but is likely to rankle U.S. relations with China.
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What to Know About the Potential Autoworkers Strike
U.A.W. workers could strike as soon as Friday. The union and the carmakers remain far apart on wages.
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Auto Strike by U.A.W. Could Have Wide Economic Effects
An extended walkout by the United Auto Workers in a contract dispute could raise car prices and affect jobs at the companies’ suppliers.
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UAW Standoff Poses Risk for Biden’s Electric Vehicle Commitment
A looming auto industry strike could test the president’s commitment to making electric vehicles a source of well-paying union jobs.
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Wally Adeyemo, the Deputy Treasury Secretary, to Visit Nigeria
Wally Adeyemo, the highest-ranking member of the African diaspora in the Biden administration, emigrated from Nigeria to the United States as a child.
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Inflation speeds up as gas prices climb, and some details could keep the Fed wary.
The Federal Reserve is likely to closely parse the inflation report released Wednesday, the last major data point before its Sept. 20 rate decision.
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Rising Gas Prices Provide Fodder for Republican Criticism of Biden
An expected jump in the latest inflation reading will almost certainly provoke broadsides from Republicans who hammered Mr. Biden over high gas prices throughout last summer.