White House urges union, employers to negotiate for new ports contract

(Reuters) – The Biden administration is urging the union and employers to negotiate in good faith and quickly to reach a new contract deal ahead of a potential strike at ports on Tuesday, a White House official said.

Talks between the International Longshoremen’s Association (ILA), which represents 45,000 port workers, and the United States Maritime Alliance (USMX) employer group appear deadlocked on wage issues ahead of a Sept. 30 deadline to reach a new contract deal.

On Friday, Transportation Secretary Pete Buttigieg, Acting Labor Secretary Julie Su, and top White House economic adviser Lael Brainard are meeting with USMX to convey directly “that they need to be at the table and negotiating in good faith fairly and quickly” after delivering it this week to the ILA.

This post is originally published on INVESTING.

  • Related Posts

    Oil falls after Trump reverses Colombia sanctions threat

    By Anna Hirtenstein LONDON (Reuters) -Oil prices wavered on Monday after the U.S. and Colombia reached a deal on deportations, reducing immediate concern over oil supply disruptions but keeping traders…

    Dollar gains on tariffs fears; euro looks to ECB meeting

    Investing.com – The US dollar slipped lower Monday, rebounding after recent losses as attention returned to the potential for trade tariffs from the Trump administration at the start of a…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    What Is the Difference Between Bid Price and Offer Price in Forex?

    • August 8, 2025
    What Is the Difference Between Bid Price and Offer Price in Forex?

    EC Markets Opens Mexico City Office After Launching in Cyprus and Mauritius

    • August 8, 2025
    EC Markets Opens Mexico City Office After Launching in Cyprus and Mauritius

    What Is Loss Aversion in Forex and Why It Hurts Performance?

    • August 8, 2025
    What Is Loss Aversion in Forex and Why It Hurts Performance?

    What Is Position Bias in Trading and How to Avoid It?

    • August 8, 2025
    What Is Position Bias in Trading and How to Avoid It?

    XAU/USD: Elliott Wave Analysis and Forecast for 08.08.25 – 15.08.25

    • August 8, 2025
    XAU/USD: Elliott Wave Analysis and Forecast for 08.08.25 – 15.08.25

    WTI Crude Oil: Elliott Wave Analysis and Forecast for 08.08.25 – 15.08.25

    • August 8, 2025
    WTI Crude Oil: Elliott Wave Analysis and Forecast for 08.08.25 – 15.08.25